DEALS

Central Bank of Bahrain’s BHD26 million (US$68.43 million) Sukuk Ijarah fully subscribed
Dana Gas to repurchase Dana Gas Sukuk’s US$20 million Sukuk
Indonesian government issues IDR2.54 trillion (US$193.55 million) Sukuk via private placement
International Islamic Liquidity Management Corporation receives RM1.42 billion (US$356.57 million) in bids for RM1.11 billion (US$278.73 million) Sukuk auction
Saudi Binladin makes delayed SAR1 billion (US$266.54 million) Sukuk payment
Sunway Treasury Sukuk to issue Islamic commercial papers
Kuwait confirms tapping international capital market in September
Bank Sulsebar lists IDR50 billion (US$3.8 million) Sukuk Mudarabah on Indonesia Stock Exchange
Malaysian local banks working to finalize RM13 billion (US$3.25 billion) Islamic medium-term note program for Pan-Borneo Highway project; to be issued by DanaInfra Nasional
Ekovest to launch Sukuk Wakalah of up to RM3.64 billion (US$908.64 million) 

NEWS

Japan’s Orix expands offerings with Mudarabah product through Pakistani acquisitions
Bank Negara Malaysia cuts overnight policy rate to 3%
Guidance Residential brings Shariah compliant residential mortgage services to Kentucky
Deloitte and Islamic Research and Training Institute launch new white paper on Islamic finance practice

ASSET MANAGEMENT

TA Investment Management declares income distribution for TA Islamic Fund and TA Growth Fund
Bank Syariah Mandiri’s savings fund reaches IDR34.42 trillion (US$2.62 billion) as of May 2016
Otoritas Jasa Keuangan issues regulation for collective investment contracts; adds new types of underlying securities
Malaysia’s second-largest pension fund plans to become fully Shariah compliant when assets reach 70%, says CEO
Masraf Al Rayan to introduce Tradable Investment Fund ETF before end of the year
Propertylink to raise AU$500 million (US$378.58 million) via IPO

TAKAFUL

Egyptian Takaful Property to contribute US$200,000 to upcoming nuclear insurance pool
Insurance Regulatory Authority of Uganda proposes introduction of Islamic insurance
Saudi Arabian regulator seeks to close insurance firms registering over 50% losses under new regulation
Khazanah Nasional considering bidding for stake in Hong Leong Financial Group’s Takaful operations 

RATINGS

Capital Intelligence affirms Boubyan Bank’s ‘BBB+’ rating with a stable outlook
Fitch places First Gulf Bank’s ratings on rating watch positive and affirms National Bank of Abu Dhabi’s support-driven ratings
Capital Intelligence affirms Bank AlJazira’s ratings
MARC affirms ‘AA+IS’ rating on Westports Malaysia’s RM2 billion (US$502.22 million) Sukuk Musharakah
Oman’s sophomore sovereign Sukuk receives ‘Baa1’ rating
Moody’s maintains stable outlook on Qatar’s banking system
Capital Intelligence affirms UAE’s ratings at ‘AA-’ and ‘A1+’
Deterioration in public finances and current account balance results in negative outlook on Qatar
Tanjung Bin Energy Issuer maintains ‘AA3/Stable’ Sukuk rating
RAM reaffirms Lafarge Malaysia’s Sukuk at ‘AA2/Stable/P1’

MOVES

Philip Hammond now new Chancellor of the Exchequer
Islamic finance expert to take the helm as chairman of Ewaan Global Residential
GIB Capital appoints new CEO 
IMF Middle East and Central Asia director to retire in October