Volume4.Issue42
Date of Issue: Friday, 19 Oct 2007
GLOBAL: The Royal Mint launches limited-edition Kaaba 20g Gold Bullion Minted Bar
MALAYSIA: Gobi Partners joins Khazanah Nasional’s Future Malaysia Programme as partner
MALAYSIA: Tanjung Pinang Development issues Sukuk Murabahah worth RM44 million (US$9.79 million) in total
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Co signs contract with Abu Sarhad Group for employee coverage
SAUDI ARABIA: SNB Capital signs MoU with Prince Mohammed Bin Salman College of Business and Entrepreneurship to support students
MALAYSIA: ManagePay Systems to launch online financing platform QuicKredit in Q3 2023
MALAYSIA: Sunway Treasury Sukuk issues RM150 million (US$33.39 million) Sukuk Mudarabah with two-month tenor
SAUDI ARABIA: Fintech firm Tamam Finance signs MoU with Visa to develop microfinancing solutions
TURKIYE: Venture Capital Bank’s investee company Goknur lists on Borsa Istanbul
MALAYSIA: Failure of Silicon Valley Bank has no rating impact on Malaysian banks, says RAM Ratings
GLOBAL: Central Bank of Kenya approves Premier Bank’s acquisition of 62.5% stake in First Community Bank
SAUDI ARABIA: General Authority for Competition issues no-objection decision on Saudi Enaya-United Cooperative Assurance potential merger
UAE: Salama Insurance opens nominations for membership of board of directors
MALAYSIA: Bursa Carbon Exchange concludes inaugural carbon auction
EGYPT: Kaf Insurance becomes first Egyptian insurance provider to convert from Takaful to commercial insurance
SAUDI ARABIA: ICIEC to organize capacity-building program to support credit and investment decisions
SAUDI ARABIA: Saudi Real Estate Refinance Company signs agreement with Al Rajhi Bank to refinance over SAR5 billion (US$1.33 billion) in real estate financing
SAUDI ARABIA: Saudi Central Bank grants license to Creative Future for Digital Brokerage to carry out finance aggregation services
MALAYSIA: Bank Negara Malaysia places Islamic facilities worth up to RM22.71 billion (US$5.06 billion)
UAE: Watania Takaful partners with Ministry of Interior for safe driving campaign
MALAYSIA: Selangor government to commence free General Takaful scheme for up to six million state residents next month
MALAYSIA: Manjung Island Energy’s Islamic securities maintain ‘AAA’ ratings from RAM
MALAYSIA: MARC Ratings upgrades Pelabuhan Tanjung Pelepas’s RM2.15 billion (US$477.28 million) Sukuk Murabahah program
US: Fitch assigns ‘BBB’ final rating to Air Lease Corporation’s debut US$600 million Sukuk
UAE: Abu Dhabi National Takaful Company secures ‘A-’ insurer financial strength rating from Fitch
UAE: Abu Dhabi Commercial Bank partners with Arabian Automobiles Renault to offer financing to businesses
SAUDI ARABIA: anb capital and Ledger Investing sign MoU to launch new insurance-linked securities product in Saudi Arabia
SAUDI ARABIA: Cultural Development Fund partners with Lendo and Sukuk Capital to provide financing for film-making industry
MALAYSIA: High Court dismisses Serba Dinamik Holdings’s stay application regarding winding-up petition from syndicated lenders that include Islamic banks
SAUDI ARABIA: Knowledge Net Co to be listed and traded on Saudi Parallel Market on the 20th March 2023
UAE: Dubai Islamic Bank announces 30% cash dividend for 2022 amounting to AED2.2 billion (US$598.88 million)
SAUDI ARABIA: Amlak International Finance Co announces cash dividend of SAR0.8 (US$0.21) per share, totaling SAR72.48 million (US$19.3 million)
BAHRAIN: Ahli United Bank receives mandatory acquisition offer from KFH
MALAYSIA: Maybank launches integrated electric vehicle financing solution in line with RM80 billion (US$17.76 billion) sustainable financing mobilization commitment
GLOBAL: Islamic Coin sets aside US$40 million for new grants and investment program to support its ecosystem
OMAN: MAQ Legal confirms support for IFN Oman Forum 2023 as partner
SAUDI ARABIA: Saudi Central Bank grants permit to MIS Forward to carry out Buy Now Pay Later business
MALAYSIA: Solar PV Power obtains project finance facility worth RM43 million (US$9.55 million) from AmBank Islamic
UAE: Al Ansari Financial Services’s IPO receives Shariah compliant status
MALAYSIA: Bursa Carbon Exchange holds inaugural auction on 16th March 2023
PAKISTAN: Salaam Takaful partners with One Health to offer special discounts on medical services
MALAYSIA: Bank Negara Malaysia prints Shariah papers worth up to RM21.55 billion (US$4.78 billion) including Islamic treasury bill
GLOBAL: IsDB and Goldman Sachs International look into potential collaboration on Sukuk issuance
SAUDI ARABIA: CHUBB Arabia Cooperative Insurance Co appoints Abdulaziz Abdul Karim El-Khereiji as interim CEO for six months
SAUDI ARABIA: Addleshaw Goddard welcomes Amar Meher as partner to lead banking, finance and restructuring practices in Saudi Arabia
KUWAIT: Kuwait Finance House secures approval from Capital Markets Authority to establish Sukuk program worth up to US$4 billion
INDONESIA: OJK’s regulation on activities of Islamic banks and Islamic ventures comes into effect
MALAYSIA: Shariah compliant ESG digital asset exchange Green-X merges with CryptoSX
GLOBAL: Moody’s Investors Service confirms support for IFN events in 2023
MALAYSIA: Malaysian Anti-Corruption Commission arrests four for misappropriation of Sukuk funds, say local media reports