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
2 March 2021
Kuala Lumpur 2nd March 2021 – Islamic Finance news (IFN), the Islamic finance industry's leading news platform, is pleased to announce the prestigious IFN Overall Deal of the Year 2020 accolade has been awarded to the Malaysian government for the Sukuk Prihatin facility worth RM666 million (US$164.64 million). Sukuk Prihatin brought a new approach to...
23 February 2021
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...
16 October 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...
1 October 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...
18 August 2020
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...
5 August 2020
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...
28 July 2020
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...
22 July 2020
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...