PAKISTAN: Salaam Takaful partners with Iqra University to provide Qard Hasan to students
PAKISTAN: Pakistan Credit Rating Agency maintains long-term rating of ‘BMR3’ with stable outlook on Amanah Investments
KUWAIT: Kuwait Finance House gets approval to extend right on treasury shares for another six months
PAKISTAN: U Microfinance Bank obtains license to launch full-scale Islamic banking services nationwide
PAKISTAN: Dubai Islamic Bank Pakistan signs MoU with OLP Modaraba to offer investment products at its branches
GLOBAL: United Nations High Commissioner for Refugees to provide Shariah compliant microfinancing to refugees
MALAYSIA: Amanah Saham Nasional launches Sukuk fund mainly investing in portfolio of Sukuk and other Islamic liquid assets
GLOBAL: Mashreq Bank partners with Bank Al Habib Pakistan to offer free remittance transfers from UAE to Pakistan
TURKIYE: President Recep Tayyip Erdogan launches participation finance strategy document 2022-25 for Turkiye
INDONESIA: Otoritas Jasa Keuangan releases Shariah securities list for second period of 2022
BANGLADESH: Islami Bank Bangladesh opens new branch in Jamalpur
BAHRAIN: Bank ABC appoints Mike Davis as group head of corporates in Bahrain office
BAHRAIN: Peter Keith Olive leaves position as deputy group CEO of risk, legal and (acting) compliance at Ahli United Bank
INDONESIA: ALAMI appoints Syahrul Hidayat as direct financing manager
MALAYSIA: Bank Negara Malaysia places Islamic facilities worth a combined RM46.62 billion (US$10.34 billion)
INDONESIA: Bank Rakyat Indonesia issues two Sukuk worth a combined IDR5 trillion (US$321.59 million
GLOBAL: Younger investors in Middle East seek Islamic and sustainable investments, survey by Lombard Odier shows
BAHRAIN: Mechanizem General Trading Co disposes of 25.55 million shares in Inovest to reduce stake from 8.71% to 0.22%
UAE: ADIB Securities reports over AED22 billion (US$5.99 billion)-worth of trades for nine months ending the 30th September 2022
EGYPT: Egyptian President Abdel Fattah El-Sisi follows up on efforts to manage and develop assets of Waqf authority
GLOBAL: IsDB and Asian Development Bank to develop new Framework Co-financing Agreement for 2023—27 period
MALAYSIA: AMMB Holdings to create new line of business focusing on underserved market through digital means, The Edge reports
MALAYSIA: AC First Genesis obtains six-month compliance extension for its RM785 million (US$171.5 million) Sukuk Ijarah
BAHRAIN: Al Salam Bank signs exclusive partnership agreement with Visa
BANGLADESH: Bangladeshi Islamic finance industry to be over US$58 billion at end of H1 2022; will continue to grow in medium term, says Fitch Ratings
UGANDA: Ugandan minister tables bill amendment to allow microfinance banks to offer Islamic banking services
INDONESIA: Islamic financial literacy index in Indonesia improves to 9.14% in 2022
SAUDI ARABIA: Standard Chartered Bank appoints Mazen Fahad Al Bunyan as CEO of Standard Chartered Bank Saudi Arabia, effective November 2022
MALAYSIA: Bank Negara Malaysia closes three Islamic papers worth a total of RM44.2 billion (US$9.61 billion)
BAHRAIN: AM Best removes Solidarity Bahrain from under review with developing implications and affirms ratings of ‘B++’ and ‘bbb+’ with stable outlook
MALAYSIA: RAM assigns final ratings to Zamarad Assets’s Sukuk
GLOBAL: Five countries to benefit from further workshops under IsDB-co-funded African Continental Free Trade Area Implementation Support Project
MALAYSIA: DanaInfra Nasional taps Sukuk market to raise RM1.24 billion (US$269.61 million)
MALAYSIA: CIMB Islamic Bank onboards MESINKIRA to aid MSME digitalization
PAKISTAN: 5th Pillar Family Takaful appoints Asim Raja as chief commercial officer
KUWAIT: Central Bank of Kuwait issues three-month bonds and related Tawarruq facilities worth a total of KWD240 million (US$777.05 million)
MALAYSIA: Sunway Treasury Sukuk issues RM75 million (US$16.37 million) Islamic commercial paper
INDONESIA: Arra Busana Muslim turns to crowdfunding platform to raise IDR3 billion (US$191,156) Sukuk
INDONESIA: Citia Engineering Indonesia raises IDR550 million (US$35,045.2) through crowdfunding Sukuk
MALAYSIA: Bank Negara Malaysia sells three Islamic papers worth a total of RM43.85 billion (US$9.57 billion) on 22nd November 2022
UAE: Dubai Islamic Bank attracts over US$1.6 billion in demand for debut US$750 million sustainable Sukuk, according to Reuters
INDONESIA: Indonesia to conduct Sukuk private placement tomorrow; plans public Sukuk auction before end of the month
SAUDI ARABIA: Saudi Fransi Capital announces receipt of non-renewal notification from tenant of AlRafiah Village Compound; tenancy set to expire on 4th May 2024
GLOBAL: HSBC Asset Management launches Islamic ESG exchange-traded fund on London Stock Exchange
SAUDI ARABIA: Alinma Tokio Marine Co signs one-year group credit insurance deal with Alinma Bank
SAUDI ARABIA: Tweeq International secures regulatory license to provide digital wallet services
KUWAIT: Gulf Investment House increases stake in Inovest to 23.84% by acquiring 25.55 million shares for KWD2.3 million (US$7.45 million)
GAMBIA: Central Bank of Gambia prints three Sukuk Salam
MALAYSIA: RAM reaffirms ‘AAA(s)/Stable/P1(s)’ ratings on Toyota Capital Malaysia’s RM2.5 billion (US$545.93 million) conventional and Islamic debt program
MALAYSIA: PROTON retains investment grade ratings on Islamic issuance programs worth up to RM4 billion (US$873.48 million)