MALAYSIA: Malaysian government and Deloitte reaches RM324 million (US$79.82 million) settlement over 1MDB and SRC International case
MALAYSIA: Affin Bank’s net income from Islamic banking business increases 17.2% in 2020
INDONESIA: Bank Indonesia issues policy adjustments on property loans and downpayment for motorized vehicles
NIGERIA: Central Bank of Nigeria extends discounted interest rate for all banking facilities for another 12 months
BANGLADESH: Bangladesh Export Import Company to issue BDT30 billion (US$348.03 million) Sukuk Istisnah
BRUNEI: Autoriti Monetari Brunei Darussalam calls for consulting or law firms to assist in development of legal documentation for corporate Sukuk issuers
PAKISTAN: Islamic microfinancier Akhuwat and HBL Islamic join hands to roll out housing finance program
SAUDI ARABIA: Jadwa REIT Saudi Fund’s total assets increase to SAR370 million (US$98.59 million) following acquisition of Riyadh asset
GLOBAL: Gulf Islamic Investments acquires first property in Paris for US$300 million
LIBYA: IsDB reportedly planning to open branch in Tripoli
SAUDI ARABIA: Ahmed Al Owaid resigns as non-independent board member of Musharaka REIT
INDONESIA: Wijaya Karya’s Sukuk Mudarabah totaling IDR500 billion (US$34.98 million) listed on Indonesia Stock Exchange
TURKEY: Vakif Katilim Bankasi auctions TRY750 million (US$101.4 million) domestic lease certificates
MALAYSIA: Sunway Treasury Sukuk places one-month Islamic commercial paper worth RM50 million (US$12.33 million)
MALAYSIA: Gas Malaysia Distribution prints Murabahah-based Islamic commercial paper
MALAYSIA: Country Garden Real Estate sells RM100 million (US$24.67 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia issues three Islamic liquidity management tools
MALAYSIA: BIMB Investment Management rolls out Makmur myWakaf Fund under Securities Commission Malaysia’s Waqf-Featured Fund Framework
KUWAIT: National Bank of Kuwait launches home banking service
MALAYSIA: Amanah Ikhtiar Malaysia denies privatization allegation
TURKEY: Rating outlooks on 13 Turkish banks improve to stable driven by sovereign change
BAHRAIN: Bahraini Shura Council rejects amendments to pension laws throwing a spanner into interest-free pension loan plan
PAKISTAN: Pakistan Stock Exchange and National Institutional Facilitation Technologies to jointly develop payment and registration system
AUSTRALIA: Finsure to offer Islamic home finance solutions through partnership with Hejaz Financial Services
MALAYSIA: Bursa Malaysia contributes Zakat to Federal Territories Islamic Religious Council Zakat Collection Centre
MALAYSIA: Malaysia Building Society appoints ex-RHB Bank chairman Azlan Mohd Zainol as board chairman
PAKISTAN: Federal Board of Revenue of Pakistan approves income tax exemption on profit obtained from international Sukuk
KUWAIT: Kuwait puts forward proposals to amend public debt law including new borrowing cap and removal of maturity limit
MALAYSIA: Perbadanan Usahawan Nasional to roll out new Islamic financing scheme to support pandemic-affected individuals
PAKISTAN: Pakistan Mortgage Refinance Company partners with multiple banks including Islamic banks to support affordable housing
INDONESIA: Shares of two companies join Otoritas Jasa Keuangan’s list of Shariah securities
GLOBAL: S&P Dow Jones Indices reaffirms support for IFN Asia Forum, signs on as partner for 2021
MALAYSIA: Solar Management (Seremban) issues RM260 million (US$64.05 million) ASEAN Green SRI Sukuk
QATAR: Masraf Al Rayan gets nod to increase Sukuk program size to a maximum of US$4 billion
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 40th bond auction
INDONESIA: Indonesia targets IDR12 trillion (US$837.99 million) in upcoming Sukuk auction
GLOBAL: Jadwa Investment launches Shariah compliant mezzanine financing fund
MALAYSIA: RHB Islamic Bank introduces new trade financing solution based on Wakalah–Istijrar hybrid model
MALAYSIA: Gamuda auctions Murabahah-based Islamic commercial paper
GAMBIA: Central Bank of Gambia’s Sukuk Salam auction receives mixed results
MALAYSIA: Bank Negara Malaysia issues three Islamic papers totaling RM21.92 billion (US$5.4 billion)
OMAN: Oman’s Capital Market Authority issues new regulation to provide legislative framework for public joint stock companies
NIGERIA: Debt Management Office of Nigeria clarifies position on NGN2.2 trillion (US$5.75 billion) debt service provision in 2018 Appropriation Act
BAHRAIN: Ithmaar Holding records non-Shariah compliant income per share at 2.05 US cents for 2020
BAHRAIN: Al Baraka Banking Group’s total assets increase 8% in 2020, net income attributable to equity holders declines 37%
KUWAIT: Court postpones hearing of Kuwait International Bank’s sale of foreclosed real estate assets for debt settlement
SAUDI ARABIA: Boards approve National Commercial Bank and Samba Financial Group merger
MALAYSIA: MARC affirms ‘AA-IS’ rating on Pelabuhan Tanjung Pelepas’s Islamic medium-term notes program