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ISDB PSF Awards 2023

Volume 13 Issue 18

Date of Issue: Wednesday, 04 May 2016







REDmoney Indexes:


REDmoney Events:



The Maldives working on issuing sovereign dollar Sukuk within the year, says finance minister
Iranian government sells IRR5 trillion (US$165.51 million)-worth of Sukuk Ijarah on Iran Fara Bourse 
Saudi Aramco approves funding initiatives including Sukuk program
1Malaysia Development defaults on two Sukuk facilities
Boubyan Bank picks banks to arrange Sukuk roadshows
Indonesia to raise IDR4 trillion (US$302.8 million) via sovereign Sukuk auction
Redemption of Special Power Vehicle’s Islamic notes due
Islamic asset-backed securities regulation in place; Otoritas Jasa Keuangan awaits participation from industry players
Perdana Petroleum issues RM635 million (US$161.86 million) Sukuk Murabahah
Bahrain Bourse doubles number of short-term Sukuk and treasury bills listed with the listing of 11 central bank issuances
Saudi International Petrochemical Company to meet investors for potential Sukuk sale
Manfaat Tetap makes payment on Sukuk Mudarabah


Bank of Ghana revokes provisional Islamic banking license granted to Saudi financier after failure to comply with regulatory requirements
Danamon Syariah to add more branches facilitating Islamic transactions; plans Sukuk issuance
Investment Account Platform lists maiden venture – RM10 million (US$2.56 million) investment into public transportation service provider
Allied Bank inaugurates new Islamic banking branch in Faisalabad
Malaysia’s Sukuk issuance increases 50.5% in the first two months of 2016; helps push global issuance
IDB, Turkey and Indonesia to finalize structure of Islamic infrastructure bank over the next six months
Sidra Capital makes first foray into US real estate property market
Jordanian consortium intends to acquire Dubai Islamic Bank’s Jordanian business
Maisarah Islamic Banking Services rolls out new Mudarabah account
Saudi Company for Hardware procures Islamic banking facility from Arab National Bank
Iran sees a surge in foreign investment into securities market since lifting of sanctions


Manulife Aset Manajemen launches online platform for mutual fund transactions in Bandung


Malaysia Deposit Insurance Corporation completes Takaful levy framework
MAA and Solidarity receive approval to dispose of Takaful business to Zurich Insurance Company


Moody’s assigns ‘Ba1’ ratings to Ezdan Holding Group; outlook stable
Malaysia maintains ‘AAA’ rating
Moody’s assigns definitive ‘A3’ rating to Malaysia’s sovereign Sukuk
RAM reaffirms Public Islamic Bank’s Sukuk Murabahah ratings at ‘AAA/Stable’ and ‘AA1/Stable’
Capital Intelligence downgrades Tadhamon International Islamic Bank’s ratings due to volatility
Commercial Bank International receives ‘A-’ rating from Fitch
‘Ba3’ rating of Bangladesh reflects stable and strong growth performance and modest debt burden, says Moody’s
RAM reaffirms SI Capital’s Islamic securities’ rating at ‘AAA/Stable’
Pakistan’s ‘B3’ rating reflects strengthening growth and progress on structural reforms, according to Moody’s


Al-Madina for Finance and Investment appoints new CEO
Lembaga Tabung Haji’s current deputy set to be new group managing director cum CEO
London Central Portfolio welcomes former FTSE 250 chairman as property fund director