MALAYSIA: RAM reaffirms ‘AAA(fg)/Stable’ rating on Puncak Wangi’s Islamic medium-term note program of up to RM200 million (US$47.25 million)

MALAYSIA: RAM assigns final rating of ‘AA1(bg)/Stable’ to Agroto Business’s proposed five-year Sukuk tranche worth RM200 million (US$47.25 million)

MALAYSIA: AIA Malaysia forms long-term strategic partnership with TNG Digital to offer digital insurance solutions

QATAR: Qatari Islamic banks’ market share to grow in 2021; profitability to remain under pressure, Fitch Ratings says

BAHRAIN: NBB Group to install solar panels in select branches of National Bank of Bahrain and Bahrain Islamic Bank

BAHRAIN: Khaleeji Commercial Bank appoints BDO Bahrain as advisor on potential voluntary takeover offer from GFH Financial Group

IRAN: Central Bank of Iran’s Monetary and Credit Council increases individual ceiling and repayment period of Qard Hasan housing facilities

GLOBAL: Ambassador Yahaya Lawal committed to engaging with Nigerians working with OIC and IsDB for development of Nigeria

UK: Wahed Invest rolls out new investment mobile application for UK market

MALAYSIA: Technology firm PUC collaborates with Sabah and Pahang governments to apply for digital banking license from Bank Negara Malaysia

BANGLADESH: City Bank signs agreement with International Finance Corporation to participate in Global Trade Finance program

KUWAIT: Central Bank of Kuwait places bonds and related Tawarruq papers totaling KWD200 million (US$663.27 million)

MALAYSIA: Sunway Treasury Sukuk prints RM70 million (US$16.54 million) Islamic commercial paper

MALAYSIA: Perbadanan Kemajuan Negeri Selangor sells two Islamic commercial papers totaling RM150 million (US$35.44 million)

GLOBAL: IFSB to launch Islamic Financial Services Industry Stability Report 2021

GLOBAL: Tajikistan-based Alif Bank eyes expansion to UK

EGYPT: Al Marasem Development signs Islamic financing agreements worth EGP3.3 billion (US$209.88 million) with eight banks

INDONESIA: Tatang Nurhidayat resigns as director of Asuransi Takaful Umum

INDONESIA: Indonesia raises IDR13.15 trillion (US$906.65 million) from Sukuk auction

GAMBIA: Central Bank of Gambia’s three Sukuk Salam papers oversubscribed

MALAYSIA: Bank Negara Malaysia issues two Shariah papers

SAUDI ARABIA: Ministry of Human Resources and Social Development to link insurance to domestic labor contracts

MALAYSIA: RAM reaffirms ‘AA1/Stable/P1’ ratings on Sabah Credit Corporation’s outstanding Islamic programs

SAUDI ARABIA: Fitch affirms foreign currency and local currency long-term issuer default ratings on six banks in Saudi Arabia at ‘BBB+’

MALAYSIA: MARC affirms ‘AA-IS’ rating on Malaysian Resources Corporation’s RM5 billion (US$1.18 billion) Islamic medium-term note program

UAE: Central Bank of the UAE issues new guidance on anti-money laundering and combating financing of terrorism

INDONESIA: BPJS Ketenagakerjaan to offer Islamic services to workers

QATAR: QInvest appoints Hussain Abdulla and Hussein Fakhreddine as new co-CEOs succeeding Tamim Al Kuwari

BRUNEI: Brunei Darussalam Central Bank prices 33rd issuance of BDCB Islamic-Bills at BN$47 million (US$34.56 million) with a profit rate of 0.11%

MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management papers totaling RM23.04 billion (US$5.45 billion)

SAUDI ARABIA: Bank Albilad to conduct early full redemption of SAR1.06 billion (US$282.27 million) Tier 2 capital Sukuk

INDONESIA: CIMB Niaga launches programs for sustainability linked-loan/financing and sustainable financing

SAUDI ARABIA: Bank AlJazira opens nominations for nine board memberships

INDONESIA: Bank Aceh Syariah launches suite of digital service products

BAHRAIN: Al Salam Bank launches Turkish lira-denominated prepaid card

MALAYSIA: Small Medium Enterprise Development Bank Malaysia’s Sukuk Wakalah worth RM500 million (US$118.22 million) oversubscribed

INDONESIA: Adira Dinamika Multi Finance lists two-tranche Sukuk Mudarabah worth IDR200 billion (US$13.81 million) on Indonesia Stock Exchange

SAUDI ARABIA: Alkhabeer REIT Fund acquires three real estate assets for SAR1.53 billion (US$407.43 million)

BANGLADESH: Islamic Finance and Investment appoints Shibbir Mahmud as vice-chairman

MALAYSIA: Setia Fontaines prints two unrated Islamic medium-term notes totaling RM14 million (US$3.31 million)

MALAYSIA: Malaysia Rail Link auctions RM500 million (US$118.22 million) Islamic medium-term note with a profit rate of 4.06%

MALAYSIA: Country Garden Real Estate sells RM60 million (US$14.19 million) Islamic medium-term note

BRUNEI: Brunei Darussalam Central Bank prices 196th short-term Sukuk Ijarah at BN$100 million (US$73.5 million)

MALAYSIA: Bank Negara Malaysia issues two Islamic papers

AUSTRALIA: Syed Nazmul Ahsan joins IFN as new correspondent for Australia

MALAYSIA: Tabung Haji placed under Bank Negara Malaysia is an interim solution, says Ministry of Finance

MALAYSIA: CIMB Bank and CIMB Islamic Bank introduce CIMB EVA chatbot for SMEs

ETHIOPIA: Global payments network Thunes partners with Dashen Bank to introduce cross-border payment solution

UAE: Novus Aviation Capital promotes Mamoun Kuzbari to chief commercial officer

MALAYSIA: Sabah Credit Corporation prints Musharakah-based Islamic commercial paper