UAE: Emirates Islamic partners with IDEMIA to launch Smart Metal Art cards to appeal to millennials
SAUDI ARABIA: Saudi Fransi Capital Company increases remuneration of Taleem REIT Fund’s board members to SAR10,000 (US$2,663.23)
UAE: National Takaful Company records increase in net profit to AED18.4 million (US$5.01 million) for 2020
SAUDI ARABIA: Aljazira Takaful Taawuni Company receives approval to renew license for three years
MALAYSIA: Great Eastern Holdings pledges RM1 million (US$243,989) for customers affected by COVID-19
QATAR: Dukhan Bank grows revenues by 15.7% in 2020 to QAR3.8 billion (US$1.04 billion)
MALAYSIA: QSP Semenanjung secures rating upgrade for RM1 billion (US$243.99 million) green Sukuk
MALAYSIA: AmBank Islamic and parent group suffer rating downgrade due to 1MDB settlement
KUWAIT: Kuwait Finance House wins legal case against Mushrif Trading and Contracting Co; court rules latter to pay KWD37.36 million (US$123.03 million)
OMAN: Capital Market Authority rolls out digital licensing system for health insurance third-party administrators
INDONESIA: MNC Guna Usaha Syariah to launch Hajj registration financing service SIAP HAJI
MALAYSIA: Maybank Islamic introduces SKIM CAKNA for eligible SMEs
PAKISTAN: Eighteen and Habib Bank’s Islamic banking arm collaborate to offer Islamic house financing facilities
TURKEY: Hakan Atilla resigns as managing director of Borsa Istanbul
MALAYSIA: Sunway Treasury Sukuk auctions two Mudarabah-based Islamic commercial papers
MALAYSIA: Danum Capital issues RM400 million (US$97.6 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia prints two Islamic papers totaling RM24.79 billion (US$6.05 billion)
NIGERIA: Norrenberger to launch second Islamic fund by December
INDONESIA: Fitch Ratings sets optimistic outlook on Indonesia’s Takaful industry in 2021
TURKEY: Turkish parliament approves regulation for interest-free funding market for housing
UAE: Dubai-based neobank YAP partners with RAK Bank; officially launches
MALAYSIA: Axis REIT to acquire property from FIW Steel for RM120 million (US$29.44 million)
TURKEY: Participation Banks Association of Turkey signs MoU with Istanbul International Center for Private Sector in Development on sustainable development goals
INDONESIA: Indonesian Financial Services Authority inaugurates two micro Waqf banks in Central Java
MALAYSIA: Malaysia’s income tax exemption law on Sukuk Prihatin gazetted
GLOBAL: Al Meezan Investments collaborates with DirectFN to implement new system
INDONESIA: Bank Syariah Indonesia launches homeownership financing for a period of up to 30 years
SAUDI ARABIA: The Saudi Central Bank extends period of payment deferment and guaranteed financing programs
SAUDI ARABIA: Al Moammar Information Systems Company renews Islamic facility with Bank Albilad worth SAR100 million (US$26.62 million)
PAKISTAN: Lahore Development Authority signs agreement with Allied Bank’s Islamic banking division to facilitate online payment system
GLOBAL: Islamic Research and Training Institute strengthens collaboration with partners on global value chains and multidimensional poverty assessments
SAUDI ARABIA: BNP Paribas appoints Reema Al Asmari as new head of territory for Saudi Arabia
BAHRAIN: FinHub973 launches open API sandbox feature supporting Bahrain’s open banking framework
MALAYSIA: Bank Islam Malaysia to set up digital bank with infrastructure partners Mambu and Experian by second quarter of 2021
BRUNEI: Autoriti Monetari Brunei Darussalam prices 192nd Sukuk Ijarah issuance at BN$15 million (US$11.17 million)
INDONESIA: Bank Danamon Indonesia launches cash Waqf service following appointment as official institution receiving cash Waqf
BAHRAIN: Investcorp appoints Mohammed Al Sada as head of Bahrain and Kuwait for private wealth
SAUDI ARABIA: National Commercial Bank to redeem 2015 Tier 1 Sukuk worth SAR2.7 billion (US$718.68 million) in full
MALAYSIA: Maybank Islamic prints two Islamic commercial papers totaling RM1 billion (US$245.3 million)
MALAYSIA: Bank Negara Malaysia issues two Shariah papers
TURKEY: Albaraka Turk Katilim Bankasi sells TRY150 million (US$19.82 million) lease certificates
QATAR: Al Khaleej Takaful Insurance Co records increase in net profit for 2020 amounting to QAR33.99 million (US$9.25 million)
MALAYSIA: FWD Takaful launches RM1 million (US$246,368) COVID-19 Vaccine Special Fund for eligible customers
IRAQ: Central Bank of Iraq changes all interest imposed by banks and guarantor companies to diminishing rates
GLOBAL: Bank Syariah Indonesia and Dubai Islamic Bank to collaborate on global Sukuk, capacity-building and Shariah product development
AUSTRALIA: Plenti introduces interest-free buy-now-pay-later financing option to fund solar projects in Australia
SRI LANKA: Amana Bank’s Gold Certificate Financing increases emergency cash amount up to LKR70,000 (US$355.16)
PAKISTAN: BankIslami partners with Pakistan International Airlines to co-brand aircraft
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit signs reinsurance agreement to support Jordanian economy
MALAYSIA: Shahril Azuar Jimin joins Maybank Group as chief sustainability officer
Press Releases
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2 March 2021
The Malaysian government’s Sukuk Prihatin issuance bags IFN Overall Deal Of the Year 2020 award
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...
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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...