84,249 exclusive articles and counting...

ISDB PSF Awards 2023

Volume 13 Issue 39

Date of Issue: Wednesday, 28 Sep 2016







REDmoney Indexes:


REDmoney Events:



Indonesia raises funds from Sukuk sales
Qatar raises QAR2.63 billion (US$721.56 million) from multiple Islamic notes
Malaysia’s Public Sector Home Financing Board issues inaugural Sukuk; three times oversubscribed
Autoriti Monetari Brunei Darussalam issues 136th short-term Sukuk Ijarah
Malaysian government issues RM500 million (US$120.74 million)-worth of Islamic treasury bills
Edaran SWM’s Sukukholders approve early redemption of RM750 million (US$182.49 million) Murabahah notes
TH Heavy Engineering seeking to extend maturity date of its RM170 million (US$41.36 million) Sukuk Murabahah
Cagamas floats RM500 million (US$121.3 million) short-term Sukuk Murabahah
Turkish government to issue Sukuk Ijarah worth TRY2 billion (US$673.06 million)


Kenyan higher education loans board to introduce Shariah compliant student financing
Credit Agricole wins license to open an Islamic bank in Morocco
Nasser Social Bank negotiating with African Development Bank over US$1.2 million grant for restructuring plan; considering launch of new savings certificates
First Islamic banking service in India takes off in Solapur district
Bank Alfalah partners with Special Communications Organization to launch branchless banking service
Bank Muamalat Indonesia to receive IDR2 trillion (US$152 million) capital injection from three main shareholders; to focus on consumer and retail segments


Kumpulan Wang Persaraan aims to increase alternative investments by 50% starting next year


Takaful penetration among both UAE nationals and expats still low, according to National Bonds Corporation’s financial health check
Misr Emirates Takaful Life Insurance mulls purchasing property where Alexandria branch lies; studying two funding mechanisms 


RAM assigns final ratings of ‘AAA/Stable’ and ‘AA3/Stable’ on Al Dzahab Assets’s Sukuk
RAM maintains EXIM Sukuk Malaysia and Export-Import Bank of Malaysia’s ratings
RAM reaffirms Puncak Wangi’s Sukuk at ‘AAA(fg)/Stable’
Islamic International Rating Agency reaffirms Al Baraka Bank Egypt’s ratings
Pakistan Credit Rating Agency assigns ‘A’ rating to Pak Qatar Family Takaful
Capital Intelligence affirms National Bank of Egypt’s ratings with stable outlook
RAM maintains Sukuk ratings of Sarawak Energy’s subsidiaries reflecting its support for the entities
APICORP maintains ‘Aa3’ ratings with a stable outlook
Fitch affirms 11 Saudi banks; outlook negative
Moody’s downgrades Turkey’s ratings as funding risks escalate and credit fundamentals weaken
RAM reaffirms Lingkaran Trans Kota’s Sukuk Musharakah’s ‘AA2’ ratings


Solidarity Saudi Takaful receives regulator’s nod for new CEO
Iraqi parliament dismisses Finance Minister Hoshyar Zebari over corruption and mismanagement allegations
KAMCO Investment Company hires former Islamic banker as CFO
Abu Dhabi Financial Group appoints Dr Saleh Al Hashemi as managing director and CEO of Integrated Capital
Takaful Emarat Insurance appoints Adnan Sabaalaish as new financial controller following resignation of CFO Mohammad Iqbal Basha
Securities Depository Center Company appoints Mamdooh Saud Al Sedairy as CEO
BLME Holdings appoints CFO Christopher Power to the board
Islamic finance lawyer Nadim Khan joins Jones Day as partner in Dubai office