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ISDB PSF Awards 2023

Volume 13 Issue 47

Date of Issue: Wednesday, 23 Nov 2016







REDmoney Indexes:


REDmoney Events:



Central Bank of Bahrain not issuing Sukuk as previously reported
Brunei raises BN$100 million (US$70.08 million) via short-term Sukuk Ijarah
Ooredoo Tamweel to pay Sukuk profits on the 5th December
BRI Syariah lists IDR1 trillion (US$73.5 million) subordinated Sukuk Mudarabah I on Indonesian exchange
International Islamic Liquidity Management Corporation’s three-month Sukuk facility oversubscribed by US$831 million
TRIplc Medical plans RM639 million (US$146.27 million) senior Sukuk Murabahah issuance
Central Bank of Bahrain’s monthly Sukuk Salam facility worth BHD43 million (US$113.15 million) oversubscribed
BRI Syariah’s subordinated Sukuk Mudarabah receives overwhelming response
Etihad Airways’s planned Sukuk issue gets pricing from banks
Sunway Treasury Sukuk to issue RM100 million (US$22.63 million)-worth of Islamic commercial papers


Central Bank of Tunisia considering the establishment of another Islamic bank
Zitouna Tamkeen plans new initiatives including entrepreneurship fund and dairy project
IDB provides US$37 million in financing to Burkina Faso for electricity grid project
Otoritas Jasa Keuangan calls on Islamic banks to boost green financing
Summit Bank to conduct diligence on potential merger/acquisition of Sindh Bank
Growth of Malaysian Islamic banks’ investment accounts outpaces Islamic deposits; maintains double-digit expansion in market share in financing 
Turkey to receive financial backing from the IDB for its high-speed rail projects
Modarabas increase affordable financing outreach via Islamic financing facility center at Rawalpindi


Egyptian Life Takaful-GIG offers new insurance coverage with savings policy for Suez Cement Company
Egypt’s Ministry of International Cooperation plans to increase support for Takaful program


RAM reaffirms Bank Rakyat’s ‘AA2/Stable/P1’ financial institution ratings
MARC affirms ‘AAAIS(fg)’ rating on Senari Synergy’s IMTN program 
Islamic International Rating Agency assigns ratings to Al Baraka Bank Tunis
Moody’s changes outlook on Omani banking sector to stable from negative
Masraf Al Rayan wins ‘(P)A1’ ratings on Sukuk program
MARC affirms the ratings of Sunway Treasury Sukuk’s seven-year Sukuk program at ‘MARC-1IS(cg)/AA-IS(cg)’
RAM reaffirms ‘AA2/Stable’ rating on Konsortium ProHAWK’s Islamic medium-term note program
Moody’s assigns ‘Baa2’ rating on Boubyan Takaful Insurance Company
Fitch affirms the long-term issuer default ratings of five Bahraini banks
Danajamin maintains ‘AAA’ ratings
RAM maintains ‘AAA/Stable’ ratings on Gulf Investment Corporation’s Sukuk Wakalah program and senior unsecured bonds
RAM downgrades Saudi Arabia’s rating on credit deterioration due to low oil prices
Fitch affirms International Petroleum Investment Company’s long-term issuer default ratings at ‘AA’
RAM reaffirms ‘AA2/Stable’ rating on First Resources’s Sukuk Musharakah program 


Securities Commission Malaysia makes key appointments; Zainal Izlan Zainal Abidin now managing director of development and Islamic markets
GFH Financial Group appoints Hammad Younas as head of investment management
Bank Nizwa appoints Arif Al Zaabi as acting head of retail following resignation of assistant general manager
Jassim Alseddiqi to replace Abdul Rahman Hareb Rashed Al Hareb as chairman of SHUAA Capital