Sri Lanka’s Takaful industry
Friday, 02 Jun 2023 | Volume20.Issue23
IFN Correspondent ReportsSAUDI ARABIA: Saudi AZM for Communications and Information Technology Company renews Shariah compliant banking facilities agreement with Banque Saudi Fransi
MALAYSIA: Permodalan Nasional appoints Raja Arshad Raja Tun Uda as group chairman
MALAYSIA: AFFIN Group appoints Nurjesmi Mohd Nashir as CEO of AFFIN Hwang Investment Bank
UAE: MAF Sukuk’s US$500 million Sukuk facility receives admission to official list of securities of Dubai Financial Services Authority and to trading on NASDAQ Dubai
MALAYSIA: Lebuhraya Kajang Seremban seeks consent to further modify maturity date of redeemable convertible secured Islamic debt securities
MALAYSIA: Gamuda Land (T12) issues Sukuk Murabahah worth RM100 million (US$21.66 million) with a one-month tenor
MALAYSIA: Cagamas concludes aggregate issuances of conventional and Islamic papers worth RM3.42 billion (US$740.89 million) equivalent in total
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Company signs binding merger agreement with United Cooperative Assurance Company
SAUDI ARABIA: Amana Cooperative Insurance Co receives final approval from Saudi Central Bank for motor comprehensive insurance product
PAKISTAN: Silkbank to undergo due diligence following request from MCB Bank for potential acquisition
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.7 billion (US$7.08 billion) in total
BRUNEI: Brunei Darussalam Central Bank prices 123rd issuance of Islamic treasury bills worth BN$50 million (US$37.03 million)
SAUDI ARABIA: The Company for Cooperative Insurance secures contract worth SAR999.18 million (US$266.16 million) from Ministry of Foreign Affairs
SAUDI ARABIA: Alinma Tokio Marine Company receives Shariah certification from internal Shariah committee
SAUDI ARABIA: The Company for Cooperative Insurance appoints Abdulaziz Ibrahim Alnowaiser as non-executive chairman for new term of three years
PAKISTAN: MCB Bank receives in-principle approval to conduct due diligence on Silkbank
UAE: Abu Dhabi National Energy Company and partners announce financial closing of AED2.3 billion (US$626.09 million) low-carbon desalination project
SAUDI ARABIA: SHL Finance Company to distribute cash dividend worth a total of SAR50 million (US$13.32 million) for 2022
UAE: National Bonds Corporation partners with Etihad Energy Services Company to implement sustainable green transformation for seven buildings
GLOBAL: IFSB disseminates Prudential and Structural Islamic Financial Indicators data from Q4 2013 to Q4 2022
UAE: Shahab Lutfi Harmoozi resigns from his position in Dar Al Takaful’s board of directors
MALAYSIA: Tomei Gold & Jewellery Holdings issues Islamic medium-term notes worth RM42 million (US$9.09 million) in total
MALDIVES: EyeCare Maldives to issue Sukuk with First National Finance Corporation as lead manager, Corporate Maldives reports
INDONESIA: Indonesian Waqf Board signs MoU with Padjajaran University to manage IDR50 billion (US$3.33 million)-worth of education endowment funds in cash Waqf Sukuk
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM24.4 billion (US$5.28 billion)
SAUDI ARABIA: Bank Aljazira to establish riyal-denominated Tier 1 Sukuk issuance program of up to SAR5 billion (US$1.33 billion)
BAHRAIN: GFH Financial Group signs strategic partnership with Future Investment Initiative Institute to engage in strategic activities in key areas
IRAQ: Moody’s assigns first-time ratings of ‘Caa2/NP’ to National Islamic Bank
MALAYSIA: MARC Ratings affirms ‘AA-IS’ rating on Konsortium KAJV’s RM1 billion (US$216.55 million) Sukuk Wakalah program
SAUDI ARABIA: Saudi Central Bank grants permits to three fintech firms to test open banking solutions in regulatory sandbox
UAE: Central Bank of the UAE issues new guidance on anti-money laundering and combating financing of terrorism for licensed financial institutions
MALAYSIA: Bank Negara Malaysia issues updated policy document on risk management in technology
SAUDI ARABIA: Saudi Top Trading Company secures Murabahah financing facility worth SAR10 million (US$2.66 million) from Saudi Export-Import Bank
SAUDI ARABIA: Saudi Central Bank grants Buy Now Pay Later permits to fintech firms Spotii and Madfu
GLOBAL: AAOIFI’s Accounting Board approves in principle exposure draft of financial accounting standard for institutions in hyperinflationary economies
SAUDI ARABIA: First Milling Company to raise up to SAR999 million (US$266.13 million) from upcoming IPO
SAUDI ARABIA: Fitch assigns Banque Saudi Fransi’s trust certificate issuance program with ‘A-/F2’ senior unsecured ratings
MALAYSIA: Sunway Healthcare Treasury issues Islamic medium-term note worth RM1 million (US$217,036) with one-year tenor
INDONESIA: State-owned Pegadaian to raise IDR2 trillion (US$133.49 million) through Sukuk and obligation issuances, local media report
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM22.74 billion (US$4.94 billion) in total
SAUDI ARABIA: Saudi Real Estate Refinance Company completes Sukuk issuance worth SAR3.5 billion (US$932.4 million)
SAUDI ARABIA: Gulf International Bank signs SAR1.07 billion (US$285.05 million) credit facility agreement with oil and gas contractor SAIPEM
OMAN: Asyad Group partners with crowdfunding platform Mamun to introduce supply chain financing solutions
KYRGYZSTAN: Intercascade Trade and Finance lodges Sukuk Mudarabah worth KGS750 million (US$8.56 million)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities worth KWD240 million (US$778.5 million)
GAMBIA: Central Bank of The Gambia’s three-month, six-month and one-year Sukuk Salam facilities undersubscribed
INDONESIA: Investment platform Stockbit and Fullerton Fund jointly acquire Ayers Asia Asset Management
OMAN: Boards of directors of HSBC Bank Oman and Sohar International Bank approve terms of merger
MALAYSIA: Public Islamic Bank receives affirmed ‘AAA’ ratings from RAM
MALAYSIA: Serba Dinamik defaults on payment for term equity and financing facilities provided by Public Islamic Bank
Friday, 02 Jun 2023 | Volume20.Issue23
IFN Correspondent ReportsThursday, 01 Jun 2023 | Volume20.Issue23
IFN Correspondent ReportsWednesday, 31 May 2023 | Volume20.Issue23
IFN Correspondent ReportsTuesday, 30 May 2023 | Volume20.Issue22
IFN Correspondent ReportsMonday, 29 May 2023 | Volume20.Issue22
IFN Correspondent ReportsFriday, 26 May 2023 | Volume20.Issue22
IFN Correspondent ReportsThursday, 25 May 2023 | Volume20.Issue22
IFN Correspondent ReportsWednesday, 24 May 2023 | Volume20.Issue22
IFN Correspondent ReportsTuesday, 23 May 2023 | Volume20.Issue21
IFN Correspondent ReportsMonday, 22 May 2023 | Volume20.Issue21
IFN Correspondent ReportsFriday, 19 May 2023 | Volume20.Issue21
IFN Correspondent ReportsThursday, 18 May 2023 | Volume20.Issue21
IFN Correspondent ReportsWednesday, 17 May 2023 | Volume20.Issue21
IFN Correspondent ReportsTuesday, 16 May 2023 | Volume20.Issue20
IFN Correspondent ReportsMonday, 15 May 2023 | Volume20.Issue20
IFN Correspondent ReportsFriday, 12 May 2023 | Volume20.Issue20
IFN Correspondent ReportsThursday, 11 May 2023 | Volume20.Issue20
IFN Correspondent ReportsWednesday, 10 May 2023 | Volume20.Issue20
IFN Correspondent ReportsTuesday, 09 May 2023 | Volume20.Issue19
IFN Correspondent ReportsMonday, 08 May 2023 | Volume20.Issue19
IFN Correspondent ReportsFriday, 05 May 2023 | Volume20.Issue19
IFN Correspondent ReportsThursday, 04 May 2023 | Volume20.Issue19
IFN Correspondent ReportsWednesday, 03 May 2023 | Volume20.Issue19
IFN Correspondent ReportsTuesday, 02 May 2023 | Volume20.Issue18
IFN Correspondent ReportsMonday, 01 May 2023 | Volume20.Issue18
IFN Correspondent ReportsFriday, 28 Apr 2023 | Volume20.Issue18
IFN Correspondent ReportsThursday, 27 Apr 2023 | Volume20.Issue18
IFN Correspondent ReportsWednesday, 26 Apr 2023 | Volume20.Issue18
IFN Correspondent ReportsWednesday, 26 Apr 2023 | Volume20.Issue18
IFN Correspondent ReportsTuesday, 25 Apr 2023 | Volume20.Issue17
IFN Correspondent ReportsTuesday, 25 Apr 2023 | Volume20.Issue17
IFN Correspondent ReportsThursday, 20 Apr 2023 | Volume20.Issue17
IFN Correspondent ReportsThursday, 20 Apr 2023 | Volume20.Issue17
IFN Correspondent ReportsWednesday, 19 Apr 2023 | Volume20.Issue17
IFN Correspondent ReportsTuesday, 18 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsMonday, 17 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsFriday, 14 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsThursday, 13 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsThursday, 13 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsWednesday, 12 Apr 2023 | Volume20.Issue16
IFN Correspondent ReportsTuesday, 11 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsMonday, 10 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsMonday, 10 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsFriday, 07 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsFriday, 07 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsThursday, 06 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsWednesday, 05 Apr 2023 | Volume20.Issue15
IFN Correspondent ReportsTuesday, 04 Apr 2023 | Volume20.Issue14
IFN Correspondent ReportsMonday, 03 Apr 2023 | Volume20.Issue14
IFN Correspondent ReportsFriday, 31 Mar 2023 | Volume20.Issue14
IFN Correspondent Reports