DEALS

Indonesia garners IDR15.31 trillion (US$1.16 billion) in bids from Sukuk auction; awards IDR6.19 trillion (US$469.2 million)
UEM Sunrise proposes RM2 billion (US$516.58 million) Sukuk Murabahah
Bank Maybank Syariah, BRI Syariah and Bank Syariah Mandiri plan Sukuk issuance
AEON Malaysia issues Islamic notes worth a combined RM200 million (US$51.66 million)
Malaysia’s dual-tranche US$1.5 billion global Sukuk oversubscribed by 4.2 times
Bank Pembangunan Malaysia auctions RM400 million (US$103.32 million) short-term Islamic papers; receives RM1.06 billion (US$273.78 million) in bids
Neelum Jhelum Hydropower Company prices PKR100 billion (US$953.29 million) Sukuk; first disbursement expected this month
Sunway Treasury Sukuk to issue RM150 million (US$38.37 million) short-term Islamic papers
Al Bayan Group Holding redeems first tranche of ringgit Sukuk program
Saudi Arabian Airlines appoints HSBC as lead arranger for a SAR5 billion (US$1.33 billion) Sukuk issue
Islamic Corporation for the Development of the Private Sector lists US$300 Sukuk on NASDAQ Dubai; brings Sukuk listings up to US$42.61 billion 
Kuveyt Turk floats short-term Sukuk linked to Consumer Price Index

NEWS

KCB Group gets green light to buy Chase Bank
Egyptian Islamic banks’ transactions increase 26% in 2015
Bank Panin Syariah awaits regulatory approval to rebrand as Bank Panin Dubai Syariah; plans additional capital via rights issue
Securities and Exchange Commission of Pakistan to develop regulations for short-term Islamic securities issuance
Pakistani government places Hajj fees in Shariah compliant accounts
Al Baraka Bank commences due diligence on Burj Bank

ASSET MANAGEMENT

Arcapita capitalizing on booming retail sector with acquisition of logistics park in Dubai for US$100 million
Lotus Capital to launch Lotus Halal Fixed Income Fund
Al Meezan Investment Management rolls out Shariah compliant Meezan Asset Allocation Fund
RHB launches RHB Islamic ASEAN Megatrend Fund
Mazaya Qatar Real Estate Development and Global Securities plan Shariah compliant real estate investment funds in Turkey
Reliance Manajer Investasi debuts first Shariah mutual fund 
CIMB Islamic Trustee executes RM24 million (US$6.2 million) property acquisition for ARREIT

TAKAFUL

Takaful Emarat offers new products for visa sponsors and beneficiaries in Dubai in line with authority’s mandatory health insurance scheme
Takaful Emarat’s shareholders approve AED8 million (US$2.18 million) cash dividend payout; first ever following 42% growth in net profit
Pak Qatar Family Takaful signs collaborative agreement with Primus Investment 

RATINGS

MEX II’s RM1.3 billion (US$331.01 million) Sukuk Murabahah receives ‘AA-IS’ final rating from MARC
RAM reaffirms ratings of Al-Aqar Healthcare REIT’s RM655 million (US$166.78 million) Sukuk Ijarah
Barwa Bank secures ‘A+’ rating with a stable outlook

MOVES

Anastasia Papadopoulou joins TLT as legal director for maritime and international trade
Legal firm Curtis, Mallet-Prevost, Colt & Mosle welcomes Islamic finance lawyer Sikander Nafees Siddiqui to its Muscat team
CEO of Hong Leong MSIG Takaful quits
Lembaga Tabung Haji’s group managing director cum CEO to resign
Islami Bank Bangladesh undergoes major reshuffling under government’s direction; names new chairman and directors
Maybank to shake up top management including in Islamic banking arm