MALAYSIA: Employees Provident Fund rolls out US$600 million Islamic private equity separate managed account fund
MALAYSIA: Maybank reports 20.9% drop in 2020 net profit to RM6.48 billion (US$1.6 billion)
MALAYSIA: Skim Simpanan Pendidikan Nasional declares 4% dividend for 2020
MALAYSIA: Syarikat Takaful Malaysia Keluarga records decrease in operating revenue to RM2.96 billion (US$732.27 million) for 2020
MALAYSIA: UiTM Solar 2 secures ‘AA-IS’ rating for green Sukuk of up to RM100 million (US$24.74 million)
BAHRAIN: Al Baraka Banking Group records decrease of 8% in total net income for 2020 financial year
MALAYSIA: Cendana Sejati receives ‘D’ rating on senior Sukuk Murabahah program following failure to make timely redemption
UAE: AM Best removes Noor Takaful General and Noor Takaful Family from negative rating watch
MALAYSIA: MARC places ratings on Alpha Circle’s Sukuk on MARCWatch Negative following failure of meeting payment obligations
MALAYSIA: George Kent (Malaysia) closer to tapping Islamic capital market; receives final ratings for Sukuk programs
PAKISTAN: International Islamic Trade Finance Corporation to mobilize US$1.1 billion in trade finance support for Pakistan’s energy sector
NIGERIA: Non-Interest Financial Institutions Association of Nigeria appoints Hassan Usman as president
GLOBAL: Global Sukuk offerings to moderate in 2021 as economies improve, financing needs narrow and COVID-19 expenditures shrink, predicts Moody’s
INDONESIA: Indonesia’s Financial Services Authority unveils 2020–25 Shariah Banking Development Roadmap
UAE: Dar Al Takaful repays AED100 million (US$27.22 million) in acquisition financing to Emirates NBD Bank
KUWAIT: Kuwait Real Estate Company signs KWD8.5 million (US$28.03 million) Islamic credit facility agreement with undisclosed bank
CANADA: Beneficent and Manzil collaborate to offer interest-free prepaid credit cards with cashback rewards
KUWAIT: Kuwait Finance House announces retirement of Waleed Khaled Mandani as group chief retail and private banking officer
MALAYSIA: Setia Fontaines issues RM8 million (US$1.98 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia auctions two Islamic liquidity management papers
SRI LANKA: Amana Bank registers 167% quarter-on-quarter growth in net profit during final quarter of 2020
GLOBAL: Islamic finance market share in South and Southeast Asia to grow driven by favorable demographics, strong capitalization and government push, says Moody’s
PAKISTAN: Lahore Development Authority and Bank of Punjab sign PKR10 billion (US$62.72 million) agreement to develop apartment; banks to provide loans under Takaful
PAKISTAN: Securities and Exchange Commission of Pakistan issues draft amendments proposing reduction of turnaround time for payment of cash dividends
UAE: Emirates Islamic greenlights new Islamic funding programs of up to US$2.5 billion in addition to existing Sukuk program
UAE: Dubai Islamic Bank supports IFN Kenya Forum 2021 as lead partner
MALAYSIA: Sedania As Salam Capital rolls out GoHalal Financing Program
BANGLADESH: Mercantile Bank launches Islamic banking window TAQWA in 20 branches
TURKEY: Vakif Katilim Bankasi sells TRY164.7 million (US$23.02 million) domestic lease certificates
SOUTH AFRICA: National Treasury of South Africa to issue US$3 billion Sukuk this year
INDONESIA: Indonesia to offer retail Sukuk series SR014 with a minimum purchase value of IDR1 million (US$71.06)
SAUDI ARABIA: Creditors’ objection period for Solidarity Saudi Takaful–AlJazira Takaful Taawuni merger to end tomorrow; merger to be effective immediately in absence of objections
IRAN: Tehran Stock Exchange welcomes IPO of Opal Kani Pars Mineral Processing Company
BRUNEI: Autoriti Monetari Brunei Darussalam prices 16th issuance of AMBD Islamic Bills at BN$30 million (US$22.73 million) with a profit rate of 0.07%
IRAN: Tejarat Bank to provide banking services to Society of Iranian Petroleum Industry Equipment Manufacturers under MoU
MALAYSIA: Malaysia issues RM3.5 billion (US$865.5 million) Government Investment Issue Murabahah paper with a profit rate of 3.42%
GLOBAL: Open banking platform Tarabut Gateway secures US$13 million seed round following expansion to MENA
MALAYSIA: Bursa Malaysia amends Main Market and ACE Market listing requirements to accept a lower public spread
GLOBAL: UAE central bank and Hong Kong Monetary Authority sign MoU to boost fintech cooperation
OMAN: Dr Abdulrahman Khalil Tolefat resigns from board of directors of Al Mashaar REIT Fund
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 39th bond auction
GLOBAL: GFH Financial Group partners with Silver Creek Commercial Development to acquire distribution facility in Chicago for over US$135 million
NIGERIA: Nigerian financial services group Norrenberger debuts Islamic fund
BAHRAIN: Investcorp portfolio company Ageras secures US$73 million in capital to support expansion
QATAR: Dukhan Bank expands corporate digital banking service suite
OMAN: Bank Nizwa to finance the construction of Shifa Hospital
INDONESIA: Indonesia raises IDR5 trillion (US$354.38 million) from Sukuk auction
GAMBIA: Central Bank of Gambia’s auction featuring two Sukuk Salam papers undersubscribed
MALAYSIA: DanaInfra Nasional places four Murabahah-based Islamic medium-term notes
SAUDI ARABIA: Saudi court upholds Burj Al Hayat Hotel’s lease termination; SEDCO Capital REIT Fund submits objections to Supreme Court
Press Releases
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23 February 2021
Meezan Bank wins Islamic Finance news (IFN) Best Overall Islamic Bank of 2020
Kuala Lumpur 23rd February 2021 – Islamic Finance news (IFN), the Islamic finance industry's leading media provider, has announced Pakistan’s Meezan Bank as the winner of the prestigious IFN Best Overall Islamic Bank 2020. Meezan Bank’s win comes in a year wrought with unprecedented difficulties due to the global COVID-19 pandemic. The Islamic bank rose...
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16 October 2020
Global Islamic Finance Media Publication Islamic Finance news (IFN) announces IFN Service Providers Poll Winners 2020
Kuala Lumpur 14th October 2020 – The annual IFN Service Providers Poll continues to be the benchmark of excellence honoring Islamic finance industry’s best in supporting operations, facilitating transactions, setting standards and rating transactions. The winners of the IFN Service Providers Poll 2020 displayed resilience during a challenging year, whilst remaining committed to service the...
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1 October 2020
Global Islamic Finance Media Publication Islamic Finance news (IFN) announces IFN Law Awards Winners 2020
Kuala Lumpur 30th September 2020 – Eleven legal firms have been honored with the Islamic finance industry’s most prestigious accolades, the IFN Law Awards 2020, for their outstanding achievements in Shariah finance. The IFN Law Awards, by renowned Islamic finance media company Islamic Finance news (IFN), are the industry’s standard of Islamic finance legal excellence...
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18 August 2020
Moody’s and IFN team up on global Islamic finance expertise
London and Kuala Lumpur, 18 August 2020 - Moody’s Investors Service and Islamic Finance news (IFN) are proud to announce an exclusive collaboration to provide insights and analysis for Islamic finance worldwide. “This collaboration brings together Moody’s global Islamic finance expertise with IFN’s comprehensive and trusted coverage of Shariah compliant finance to serve a global...
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5 August 2020
REDmoney Group forms strategic partnership with Carrera Learning
LONDON and KUALA LUMPUR, 5 August 2020 – Global Islamic finance expert REDmoney Group has entered into a strategic partnership with Islamic Finance Navigator and its platform Carrera Learning, a renowned learning provider in Islamic finance based in the UK. Commencing today, the partnership will see REDmoney Group and its flagship brand – Islamic Finance...
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28 July 2020
Industry leaders set key priority areas to drive Malaysia’s financial inclusion agenda with Islamic fintech
Islamic fintech stakeholders have determined nine strategic priority areas that will further reinforce and enhance financial inclusion in Malaysia. All nine strategic priority areas were drafted based on the input given by the decision-makers and leaders from the Islamic finance industry, including the government, regulators and fintech community, during the ‘Islamic Fintech Dialogue 2020: Driving...
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22 July 2020
Global Islamic Finance Expert REDmoney Group Introduces IFN Advisory Board
Kuala Lumpur 22 July 2020 – Renowned Islamic finance media and service provider, REDmoney Group introduces its IFN Advisory Board. REDmoney Group, through its reputable brands of Islamic Financial news (IFN) and REDmoney events, is looking to further enrich its brand value through obtaining insights and advice from a council of subject matter experts. The...