MALAYSIA: Hong Leong Financial Group’s total income from Islamic banking and Takaful businesses increases 12.6% for period ended 31st March 2023
GLOBAL: UAE’s Securities and Commodities Authority signs MoU with Astana Financial Services Authority to establish framework for securities sectors
GLOBAL: HAQQ Network signs partnership with SUSHI as initial decentralized exchange for HAQQ and Islamic Coin users
TANZANIA: UNDP Sustainable Finance Hub opens discussion on sustainable bond and Sukuk issuance in Zanzibar
MALAYSIA: RAM affirms Midciti Sukuk’s Sukuk Murabahah program at ‘AAA/Stable’
GLOBAL: IsDB participates in 17th Ministerial Roundtable of the Horn of Africa Initiative as observer
BAHRAIN: Ithmaar Holding’s shareholders approve injection of Tier 1 capital worth US$200 million
PHILIPPINES: Philippine Department of Finance to sell 137 properties in 2023, including Al-Amanah Islamic Investment Bank’s lots in Davao City
UAE: Dubai Islamic Bank launches fully-fledged digital umbrella brand DIB ‘alt’
BRUNEI: Brunei Darussalam Central Bank prices 124th issuance of Islamic treasury bills worth BN$10 million (US$7.41 million)
OMAN: Oman Telecommunications Company establishes sustainable finance framework to access green bonds or Sukuk, among others
SAUDI ARABIA: Bidaya Home Finance Company changes name to Bidaya Finance Company as part of expansion
PAKISTAN: Automotive start-up OkayKer raises US$700,000 in seed funding from institutions including Sabr Capital
ETHIOPIA: Rammis Bank concludes official inauguration ceremony as third interest-free bank in Ethiopia
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.8 billion (US$7.16 billion) in total
QATAR: Qatar Central Bank’s treasury bills and Sukuk auction held on 1st June 2023 attracts QAR14.4 billion (US$3.92 billion) in bids
PAKISTAN: State Bank of Pakistan receives no bids on seven-day and 77-day facilities offered for Shariah compliant open market operation
INDONESIA: PEFINDO lowers ratings on Wijaya Karya’s Sukuk Mudarabah to ‘idBBB’; outlook changed to negative from stable
GLOBAL: AAOIFI holds public hearing on exposure draft of financial accounting standard ‘Control (of Assets and Business)’
PAKISTAN: Securities and Exchange Commission of Pakistan specifies rating requirements for investment in short-term instruments by open-ended collective investment schemes
PAKISTAN: JS Bank submits offer document of rights issue to Pakistan Stock Exchange and Securities and Exchange Commission of Pakistan
SAUDI ARABIA: Feras Khalid Aljuraywi resigns as independent member of Wataniya Insurance Company’s board of directors
MALAYSIA: Encorp Systembilt’s Sukuk Murabahah facility receives affirmed rating of ‘AA1/Stable’ from RAM
MALAYSIA: FTSE Bursa Malaysia Hijrah Shariah Index experiences four constituent changes upon semi-annual review of FTSE Bursa Malaysia Index Series
EGYPT: Shariah compliant consumer finance solution Takka officially launches in Egypt
EGYPT: Faisal Islamic Bank records highest growth rate among Egyptian Islamic banks at 31.1% for financial year ended March 2023
MEXICO: Mexico begins exploratory discussions on Sukuk issuance to tap new investors, says deputy finance minister
ZAMBIA: Zambia Electricity Supply Corporation mulls 10-year Sukuk issuance to finance hydroelectricity and renewable energy projects
MALAYSIA: Alpha Circle announces insufficient funds in designated account to repay principal payment of Sukuk
MALAYSIA: Takaful Malaysia posts 22% jump in net profit to RM93.9 million (US$20.34 million) for Q1 2023
GLOBAL: IsDB Group holds meeting with King Abdullah University of Science and Technology to discuss sustainable solutions
SAUDI 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
Wednesday, 15 Feb 2023 | Volume20.Issue08
DealsWednesday, 15 Feb 2023 | Volume20.Issue08
IFN Correspondent Reports