DEALS

Aeon Credit Service to make Series 2 Perpetual Sukuk periodic distribution on the 16th February 2016
Kuwait Petroleum Corp mulling Sukuk sale to finance investment over the medium term
Indonesia mandates banks to arrange dollar Sukuk issuance
Cagamas issues RM1.52 billion (US$357.23 million) in debts comprising Islamic and conventional papers; first Sukuk reopening for IMTN
Nigeria to issue sovereign Sukuk in May
Oman Telecommunications prices US$130 million Sukuk at 5.3% profit rate
TSH Sukuk Murabahah to issue Islamic commercial papers
Turkish Treasury to issue lira Sukuk in February and September 2016
Kuwait Finance House to boost capital with Sukuk this year; also planning Tier 2 issuance for Turkish unit
MAF Sukuk confirms profit distribution for US$400 million Sukuk
Royal Bank of Scotland resigns as facility agent for National Bank of Abu Dhabi’s Islamic and conventional debt program; replaced by Standard Chartered Bank Malaysia 
SapuraKencana Petroleum issues another tranche under RM7 billion (US$1.67 billion) multicurrency Sukuk program
Malaysia’s GII Murabahah issuance oversubscribed
EKVE issues maiden guaranteed Sukuk Murabahah facility worth RM1 billion (US$237.86 million)
IDB mandates banks for potential dollar Sukuk issuance

NEWS

Al Baraka Bank Egypt to launch two new branches dedicated to retail and SME segments this year
Malaysian delegation identifies Kigali as pilot ground to introduce Islamic banking in Rwanda
Bank Rakyat to extend credit facilities and financial support to members of Securities Services Association of Malaysia 
Maldivian government establishes Khazana Maldives to provide Shariah compliant financing
Bank Negara Malaysia asks Lembaga Tabung Haji to re-examine reserve policy as liabilities outweigh assets
Aladdin Group of Companies launches Halal e-commerce site catering to banking and finance services among others
Investment Account Platform to come to market in February 2016

ASSET MANAGEMENT

Turquoise Partners to introduce Iran-focused private equity fund in collaboration with international entity
GFH Capital distributes semi-annual dividends for four assets 
Mutual fund companies not subject to requirements under IFRS-10, says Securities and Exchange Commission of Pakistan

TAKAFUL

Union National Bank of Egypt awards insurance policy bid to Orient Takaful Insurance Company 
TAKAUD and Takaful International team up to expand Shariah compliant investment product suite for customers
Dar Al Takaful joins Tradeshield platform to provide online Islamic insurance services 

RATINGS

MARC affirms Sukuk ratings of TSH Resources’s SPVs 
Bahrain Islamic Bank’s baseline credit assessment  upgraded reflecting improvement in capitalization metrics
Malaysia Marine and Heavy Engineering Holdings’s Sukuk facility secures ‘AA-IS’ rating; outlook revised to negative
Moody’s affirms Indonesia’s sovereign rating at ‘Baa3’; outlook stable
Moody’s places ratings of PETRONAS’s subsidiaries on review for downgrade following rating action on the parent
Fitch affirms New Zealand’s rating at ‘AA’; revises outlook to stable

MOVES

Emirates NBD appoints Gary Dugan as chief investment officer for wealth management
Hong Leong Financial Group announces new executive leadership appointments
Al Rayan Bank names Ros King as new head of human resources