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ISDB PSF Awards 2023

Volume 13 Issue 27

Date of Issue: Tuesday, 05 Jul 2016






REDmoney Indexes:


REDmoney Events:


Indonesia raises IDR5.01 trillion (US$369.74 million) from Sukuk auction
Maxis Broadband to issue Sukuk Murabahah with an aggregate nominal value of up to RM10 billion (US$2.45 billion) 
Oman issues US$500 million Sukuk via a private placement
Mohammed Al Barwani lists Sukuk facilities on Muscat Securities Market
Senegal launches XOF150 billion (US$249.88 million) 10-year Sukuk
Scientex Quatari to redeem Sukuk Murabahah
Iran introduces Shariah compliant mortgaged-back securities; Bank Maskan to issue IRR100 trillion (US$3.32 billion)-worth of MBS by end of fiscal year
IDB issues RM350 million (US$87.17 million) Sukuk Wakalah via Tadamun Services
EIB Sukuk Company to make periodic distributions of two Sukuk stocks
Kuwait to borrow up to KWD5 billion (US$16.53 billion) from domestic and international Sukuk and bond markets to finance budget deficit


ISFIN partners with Malian firm EGCC International
First Moroccan Islamic financial institution to be launched before end of 2016
Sierra Leone ratifies Murabahah financing agreement signed with the International Islamic Trade Finance Corporation
State Bank of Pakistan highlights stable performance of Islamic banks in stability review
Anti Corruption Commission arrests Agrani Bank executives 
Pakistan Stock Exchange recomposes Karachi Meezan-30 Index 
Pakistani federal minister for commerce urges banks to build ties with Iranian banks


Securities and Investment Company announces seed investors of Bahrain Liquidity Fund
Mashreq and Arady Properties tie up to launch Islamic fund – UAE’s first Qualified Investment Real Estate Fund
Eastspring Investments announces income distribution for four unit trust funds including Islamic funds
National Investment Trust expands Islamic portfolio with new Shariah compliant income fund
Manulife Indonesia to set up dedicated Shariah business unit to capture larger market share
Public Mutual declares distributions for five Islamic funds


Zurich Insurance Company completes acquisition of MAA Takaful


Fitch downgrades Bahrain’s ratings to ‘BB+’ with a stable outlook
Sarawak Hidro’s proposed Sukuk Murabahah rated ‘AAA/Stable’ on the back of federal government’s irrevocable and unconditional support
Mashreq Bank’s financial strength maintained at ‘A-’ with stable outlook
Capital Intelligence affirms First Gulf Bank at ‘A+’ with a stable outlook
Pakistan Credit Rating Agency assigns ‘AA+’ and ‘A1+’ ratings to Askari Bank
MARC affirms ‘AAA-IS’ rating on TNB Northern Energy’s Sukuk with a stable outlook
S&P withdraws Sabana REIT’s rating upon request following amendment to Code on Collective Investment Schemes
RAM reaffirms Kuala Lumpur Kepong’s Islamic facilities at ‘AA1’
Al Baraka Bank Pakistan maintains ‘A/A-1’ ratings
Capital Intelligence affirms Union National Bank’s ratings with stable outlook
Warba Bank receives ‘A+’ rating
Dubai Islamic Bank Pakistan rated ‘A+/A-1’ with stable outlook
Arab National Bank maintains ‘A+’ financial strength rating 


Turkish government appoints Islamic banker as head of treasury
Lembaga Tabung Haji appoints Johan Abdullah as group managing director
Iranian finance minister removes top bank executives due to remuneration controversy