Saudi spotlight
Tuesday, 28 Jun 2022 | Volume19.Issue26
Editor`s NoteMALAYSIA: MARC affirms ‘AA-IS’ rating on Penang Port’s Islamic medium-term note program worth up to RM1 billion (US$223.73 million)
PAKISTAN: PACRA maintains rating on Ghani Chemical Industries’s 2017 Sukuk at ‘A’ with stable outlook
MALAYSIA: MARC affirms ‘AA-IS’ rating on SHC Capital’s RM80 million (US$17.9 million) Islamic medium-term note issuance
PAKISTAN: First Pak Modaraba certificate holders approve company’s merger with First Prudential Modaraba
UAE: Dubai developer Nakheel plans refinancing facility with banks including Dubai Islamic Bank to raise AED17 billion (US$4.63 billion), Bloomberg reports
INDONESIA: CIMB Niaga Auto Finance plans to issue Sukuk by fourth quarter of 2022; to develop Shariah financing digital platform, Bisnis reports
MALAYSIA: Bank Negara Malaysia issues four Shariah compliant money market facilities
SAUDI ARABIA: Samsung C&T Corporation Saudi Arabia signs insurance contract with Wataniya Insurance Co
UK: Foot Anstey advises Qatar Islamic Bank UK on senior Murabahah facility to refinance commercial property asset
INDONESIA: Bank Syariah Indonesia collaborates with gold jewelry manufacturer Hartadinata Abadi for EmasKITA product
SAUDI ARABIA: Salama Cooperative Insurance Company’s board of directors recommends SAR200 million (US$53.26 million) capital increase
BAHRAIN: Ithmaar Holding opens nominations for four members of board, to be elected in upcoming ordinary general meeting in September 2022
MALAYSIA: PETRONAS’s program continues to facilitate financing for oil and gas service equipment vendors from three Islamic banks in Malaysia, among others, Bernama reports
MALAYSIA: Malaysian Takaful Association signs MoU with Informa to promote digital innovation and financial technology
BANGLADESH: Guardian Life to introduce Guardian Takaful by fourth quarter of 2022
MALAYSIA: Sunway Treasury Sukuk issues RM75 million (US$16.78 million) one-month Islamic commercial paper
GLOBAL: AAOIFI to hold public hearings for ‘Islamic Crowdfunding Governance’ governance standard exposure draft on the 22nd and 23rd August 2022
PAKISTAN: U Microfinance Bank opens 11th Islamic banking branch in Gulshan, Karachi
NIGERIA: Plateau State High Court adjourns case against Jaiz Bank’s takeover of Jos Main Market until 30th August, News Agency of Nigeria reports
MOROCCO: Volume of home financing facilities from Islamic banks in Morocco records 24% year-on-year increase as at June 2022, central bank says
PAKISTAN: State Bank of Pakistan to raise PKR300 billion (US$1.4 billion) through five-year Sukuk Ijarah papers
MALAYSIA: DanaInfra Nasional issues six Islamic medium-term notes worth RM1.6 billion (US$357.96 million) combined
MALAYSIA: Bank Islam and Selangor State Development Corporation sign MoU to offer Islamic home financing facilities, Bernama reports
BAHRAIN: Al Baraka Group announces resignation of Mohammed Abdulla Elqaq as senior vice-president–head of commercial banking
INDONESIA: Indonesian government to offer retail Sukuk series SR017; to auction state Shariah securities worth IDR9 trillion (US$609.46 million)
NIGERIA: Jaiz Bank’s board of directors receives approval from shareholders to raise NGN150 billion (US$357.24 million) via Sukuk
TURKIYE: Turkish milling company Eksun Gida raises TRY200 million (US$11.13 million) in sophomore Sukuk issuance
PAKISTAN: State Bank of Pakistan details minimum features for Roshan Digital Account mobile applications to be developed by banks
BANGLADESH: First Security Islami Bank signs remittance drawing arrangement agreement with SHIFT Financial Services
UAE: Abesh Chatterjee resigns as head of risk management at GFH Financial Group
MALAYSIA: Bank Negara Malaysia prints Islamic money market facilities worth a total of RM22.17 billion (US$4.96 billion)
IRAQ: Al-Ataa Islamic Bank selects ICS Financial Systems’s Shariah compliant software solution
UK: Gatehouse Bank temporarily pauses home financing products citing “unprecedented level of demand”, Financial Times reports
MALAYSIA: Sunway Treasury Sukuk issues RM50 million (US$11.19 million) one-month Islamic commercial paper
MALAYSIA: Maxis Broadband issues two Islamic medium-term notes worth RM400 million (US$89.54 million) combined
MALAYSIA: Leader Energy’s ASEAN Green Sustainable and Responsible Investment Sukuk Wakalah rating of ‘AA-IS’ affirmed
QATAR: Masraf Al Rayan hosts delegation from Indonesian Banking Development Institute as part of Islamic Bank Branch Manager Program
UK: Foot Anstey’s Islamic finance sector business increases by 18% for 2021–22 financial year
MALAYSIA: Titijaya Land issues Islamic commercial paper worth RM30 million (US$6.72 million) on the 17th August 2022
MALAYSIA: Johor Port to issue Islamic program with combined limit up to RM1 billion (US$223.84 million); ‘MARC-1IS/AA-IS’ preliminary ratings assigned
MALAYSIA: Malaysian government and central bank issue Islamic papers
PAKISTAN: State Bank of Pakistan injects PKR743 billion (US$3.46 billion) into banks with 15.11% return rate, The Express Tribune reports
PAKISTAN: Rafah National Savings holds first Shariah board meeting; two Islamic products approved
PAKISTAN: Habib Bank opens new Islamic banking branch in Lahore, The News International reports
SOMALIA: IsDB assures it is working with Somalia to promote socioeconomic development and prosperity
UAE: Dubai Financial Market to allow Dubai Gold and Commodities Exchange licensed brokerage firms to become derivatives members
PAKISTAN: State Bank of Pakistan automates verification of refinance claims under Export Finance Scheme
MALAYSIA: APM Automotive Holdings issues Islamic medium-term note worth RM50 million (US$11.22 million)
SAUDI ARABIA: Council of Cooperative Health Insurance renews company qualification of Buruj Cooperative Insurance Company for one year
SAUDI ARABIA: Saudi Capital Market Authority board issues resolution to refer two companies to Public Prosecution
Tuesday, 28 Jun 2022 | Volume19.Issue26
Editor`s NoteTuesday, 28 Jun 2022 | Volume19.Issue26
IFN ReportsTuesday, 28 Jun 2022 | Volume19.Issue26
IFN ReportsTuesday, 28 Jun 2022 | Volume19.Issue26
Cover StoryTuesday, 28 Jun 2022 | Volume19.Issue26
IFN AnalysisTuesday, 28 Jun 2022 | Volume19.Issue26
IFN AnalysisTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
Back to BasicsTuesday, 28 Jun 2022 | Volume19.Issue26
FeaturesTuesday, 28 Jun 2022 | Volume19.Issue26
Special ReportsTuesday, 28 Jun 2022 | Volume19.Issue26
IFN ReportsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
Asset ManagementTuesday, 28 Jun 2022 | Volume19.Issue26
Asset ManagementTuesday, 28 Jun 2022 | Volume19.Issue26
Asset ManagementTuesday, 28 Jun 2022 | Volume19.Issue26
Takaful NewsTuesday, 28 Jun 2022 | Volume19.Issue26
Takaful NewsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
MovesTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
Asset ManagementTuesday, 28 Jun 2022 | Volume19.Issue26
Takaful NewsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
News BriefsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
DealsTuesday, 28 Jun 2022 | Volume19.Issue26
Case StudyTuesday, 28 Jun 2022 | Volume19.Issue26
IFN Correspondent ReportsMonday, 27 Jun 2022 | Volume19.Issue26
IFN ReportsMonday, 27 Jun 2022 | Volume19.Issue26
Takaful NewsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
Rating UpdatesMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
MovesMonday, 27 Jun 2022 | Volume19.Issue26
MovesMonday, 27 Jun 2022 | Volume19.Issue26
DealsMonday, 27 Jun 2022 | Volume19.Issue26
DealsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
News BriefsMonday, 27 Jun 2022 | Volume19.Issue26
Deals