Volume 12 Issue 28
Date of Issue: Wednesday, 15 Jul 2015
MALAYSIA: Etiqa Insurance and Takaful signs on as member of Principles for Sustainable Insurance initiative
MALAYSIA: Maybank Islamic partners with Createwills to launch Shariah B2B will system
UAE: Central Bank of the UAE engages with G42 Cloud and R3 to commence implementation of its Central Bank Digital Currency Strategy
SAUDI ARABIA: Digital Cooperation Organization welcomes new observers, including IsDB
MALAYSIA: YTL Power International issues Islamic facilities worth RM1.51 billion (US$341.25 million)
MALAYSIA: Perbadanan Kemajuan Negeri Selangor issues Islamic facilities worth RM115 million (US$25.99 million) in total
MALAYSIA: Cagamas issues Islamic commercial paper worth RM100 million (US$22.6 million)
KUWAIT: Commercial Real Estate Company signs credit facilities contract worth KWD61.02 million (US$198.91 million) with local Islamic bank
UAE: Emirates NBD continues partnership with Plug and Play Abu Dhabi to explore fintech potential in risk management
MALAYSIA: AmBank Group launches Auto Financing-i Murabahah Tawarruq product providing up to 100% financing
UAE: Emirates REIT partially redeems US$56 million of US$380 million secured Sukuk
GLOBAL: Malaysian Islamic finance company Xanderia to expand to Indonesia with new consumer finance business
GLOBAL: IsDB Institute explores feasibility of developing smart countertrade system for OIC member countries
GLOBAL: Property developer Dar Al Arkan’s global unit mulls Sukuk or bond issuance, The National reports
UAE: Dar Al-Arkan Sukuk Company’s US$500 million Sukuk delisted from Dubai Financial Services Authority’s securities list and NASDAQ Dubai
MALAYSIA: Bank Negara Malaysia prints Shariah papers worth up to RM25.96 billion (US$5.87 billion)
KUWAIT: Board of directors of Ahli United Bank Kuwait recommends that Kuwait Finance House’s mandatory acquisition offer is fair
SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Co signs binding merger agreement with Al Sagr Cooperative Insurance Co
MALAYSIA: IsDB reaffirms key partnerships in Malaysia
SAUDI ARABIA: SHL Finance Company appoints Ayham Mohammed Alyousef as chairman of nomination and remuneration committee
SAUDI ARABIA: Saudi Capital Market Authority grants license to Awaed Alosool Capital to run investment and securities business
BAHRAIN: stc Bahrain secures US$120 million six-year Murabahah financing facility from National Bank of Kuwait–Bahrain
SAUDI ARABIA: Abdullah Saad Mohammed Abo Moati for Bookstores Co secures banking facility worth SAR40.5 million (US$10.78 million) from Saudi British Bank
OMAN: Maisarah Islamic Banking Services confirms support for IFN Oman Forum 2023 as partner
MALAYSIA: Bursa Malaysia partners with UMW Corporation and Maybank to launch centralized sustainability platform
SAUDI ARABIA: SimpliFi partners with Alinma Bank to expand digital payment solutions in Saudi Arabia
MALAYSIA: Bank Negara Malaysia places Shariah facilities worth up to RM22.75 billion (US$5.09 billion)
GLOBAL: IsDB meets with Zambia’s ambassador to Saudi Arabia to discuss developmental efforts
KUWAIT: Jamal Ahmed Eqbal to retire as Al Ahli Bank of Kuwait’s group chief risk officer
KUWAIT: Arzan Financial Group renews KWD16.34 million (US$53.17 million)-worth of credit facilities with unspecified Islamic bank
KUWAIT: Ahmad Soud Abdulaziz Alkharji resigns from his post as Kuwait Finance House’s group chief corporate banking officer
SAUDI ARABIA: Al Moammar Information Systems Co secures renewal of two Shariah compliant bank facilities worth a combined SAR758.83 million (US$202.07 million)
SAUDI ARABIA: Dar Al Arkan Real Estate Development Co completely redeems US$500 million Sukuk
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq papers worth KWD590 million (US$1.92 billion) in total
PAKISTAN: Meezan Bank provides DHA Suffa University with grant to fund faculty training in Islamic banking and finance, among others
MALAYSIA: Bank Islam partners with MESINKIRA to digitalize underbanked microentrepreneurs’ business operations
EGYPT: Faisal Islamic Bank adopts Intellect Global Consumer Banking’s CBX platform
SAUDI ARABIA: Nayifat Finance Company to increase capital from SAR1 billion (US$266.3 million) to SAR1.2 billion (US$319.55 million) via bonus share issuance
GLOBAL: IsDB holds meeting with Bank Negara Malaysia to strengthen cooperation in supporting MSMEs in climate transition
SAUDI ARABIA: Wataniya Insurance Company appoints Omar Mohammed Hashim as independent board member
BAHRAIN: Ahli United Bank appoints Ahmad Saud AbdulAziz Al Kharji as new group CEO
GAMBIA: Central Bank of Gambia’s three-month, six-month and one-year Sukuk Salam facilities oversubscribed
MALAYSIA: Bank Negara Malaysia auctions Islamic facilities worth up to RM21.3 billion (US$4.76 billion)
GLOBAL: IFN welcomes new correspondent for trade finance
MALAYSIA: Employees Provident Fund urges members to use Islamic financing method
SAUDI ARABIA: Saudi National Debt Management Center closes March 2023 offerings worth SAR3.37 billion (US$897.41 million) in total
INDONESIA: Indonesian government’s auction of Islamic papers receives total bids of IDR23.51 trillion (US$1.53 billion)
SAUDI ARABIA: ACWA Power Co appoints Marco Arcelli as new CEO following resignation of Suntharesan Padmanathan
MALDIVES: Allied Insurance Company of the Maldives launches Takaful product for farmers
SAUDI ARABIA: Lean Technologies signs MoUs with fintech companies Manafa, Tabby, Tamara and Circlys