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ISDB PSF Awards 2023

Volume 13 Issue 38

Date of Issue: Wednesday, 21 Sep 2016







REDmoney Indexes:


REDmoney Events:



Indonesia targets to raise IDR4 trillion (US$302.8 million) via Sukuk auction
Axis REIT Sukuk appoints PB Trustee Services as trustee for Sukukholders
Profit payment of HSBC Amanah’s Sukuk program due and payable on the 27th September
Bangladeshi government issues six-month Sukuk
Central Bank of Bahrain’s Sukuk Salam subscribed by 151%
Malaysia Marine and Heavy Engineering Holdings debuts RM20 million (US$4.83 million) one-year Sukuk Murabahah under its Sukuk program


AmBank Islamic and Johor state government in financing deal for affordable housing program
Amana Bank ties up with Imperial College of Business Studies to provide education finance facilities 
Securities and Exchange Commission Pakistan calls for additional disclosures for Shariah screening of listed companies for Islamic equity indexes
Bank Islam Malaysia makes RM200 million (US$48.52 million) in disbursements to SMEs since inception
Bank Nusa Tenggara Barat to engage consultants to draw up Islamic conversion roadmap
Otoritas Jasa Keuangan approves Waskita Beton Precast as Shariah compliant
GFH Capital offloads 18% equity interest in Leeds United
Bursa Malaysia and Indonesia Stock Exchange explore collaboration opportunities to boost Islamic capital market
Bank Melli Iran plans prepaid cards for foreigners for local currency payments
Saudi Electricity receives SAR5 billion (US$1.33 billion) Murabahah financing from three local banks
Iran’s interbank lending rates moderate to 18.7% from 29% high recorded 18 months ago
Maisarah Islamic Banking Services rolls out new travel finance solution
Emaar Properties lists US$750 million Sukuk on NASDAQ Dubai
National Bonds Corporation rewards 500 minor bondholders with ‘Eidiyah’
Net income of Maybank Indonesia’s Shariah business rises 84.9% in first half of 2016


Malaysia in talks with Indonesia to include latter in planned US$100 million Islamic venture capital fund
CIMB-Principal Islamic Asset Management secures approval to launch Global Sukuk UCITS fund in Dublin
Employees Provident Fund’s Simpanan Shariah reaches 41.07% take-up of total allocation


Takaful Brunei Darussalam launches Takaful Guarantee for Foreign Workers
Lloyd’s applies for an onshore Tier 1 reinsurance license in Malaysia; sees potential to grow re-Takaful market
Securities and Exchange Commission of Pakistan fines Pak-Kuwait Takaful PKR1 million (US$9,379.98) for misstatements
Egyptian Takaful Property and Liability Insurance in the running for West Cairo power station’s insurance policy


RAM updates criteria and methodology for Takaful and insurance companies
Fitch affirms Iraq’s rating at ‘B-’ with a negative outlook
Moody’s maintains stable outlook on Kuwait’s banking system


Permodalan Nasional appoints Abdul Rahman Ahmad as new president/group CEO
Riyad Bank appoints new CEO as Talal al-Qudaibi set to retire at the end of October 
Khazanah Nasional appoints Malaysian finance minister II to its board of directors
PwC names Riyadh Al Najjar as country senior leader in Saudi Arabia
Former Muamalat Invest chief now CEO of Securities Industry Development Corporation
GFH Financial Group updates board of directors list