ALGERIA: Al Baraka Algeria maintains ratings by Islamic International Rating Agency
PAKISTAN: Hamdard Institute of Management Sciences forms Hamdard University – Islamic Finance Academic Advisory Board to offer Islamic finance courses
PAKISTAN: Pakistan Stock Exchange to suspend trading of K-Electric’s KELSC4 Sukuk facility for 22nd profit payment
INDONESIA: Tiga Pilar Sejahtera Food to repurchase Sukuk facilities on the 22nd December
BANGLADESH: Bangladesh Bank looking to hire consulting firm to conduct feasibility study on green Sukuk guidelines
INDONESIA: Wijaya Karya raises IDR2 trillion (US$141.05 million) from bond-Sukuk offering to meet working capital and refinancing needs
MALAYSIA: Sime Darby Property prints RM150 million (US$36.8 million) ASEAN Sustainability SRI Sukuk Musharakah
MALAYSIA: FWD Takaful introduces new online plan covering children with learning disabilities
MALAYSIA: FTSE Bursa Malaysia Hijrah Shariah Index replaces FGV Holdings and Serba Dinamik Holdings with Inari Amertron and Petronas Dagangan
MALAYSIA: Agrobank makes RM1 million (US$245,337) Zakat donation to government’s COVID-19 fund
EGYPT: Codebase Technologies partners with Masria Digital Payments to launch MDP Neo solution for North African market
MALAYSIA: Touch Mobile issues RM10 million (US$2.45 million) Islamic commercial paper
BANGLADESH: Islami Bank Bangladesh receives Bangladesh Securities and Exchange Commission approval to issue Sukuk Mudarabah
MALAYSIA: Bank Negara Malaysia prints two Islamic liquidity management tools
MALAYSIA: Malaysia Building Society swings back to black in the third quarter with RM258.24 million (US$63.32 million) net profit
MALAYSIA: AMMB Holdings’s Islamic banking income down by 2.7% for half year ended the 30th September 2020
MALAYSIA: RAM reaffirms ‘AAA(s)/Stable’ ratings on Khazanah Nasional’s Islamic securities programs issued by four funding conduits
MALAYSIA: MARC affirms ‘AA-IS’ rating with stable outlook on AZRB Capital’s RM535 million (US$131.19 million) Islamic medium-term notes
SAUDI ARABIA: Capital Market Authority deregulates trading commission on parallel market for buyers and sellers to enhance trading environment
GLOBAL: Qatar Investment Authority acquires 10% shareholding in Borsa Istanbul in US$200 million deal
GLOBAL: AAOIFI preparing governance standard for Shariah crowdfunding
MALAYSIA: Perak Islamic Religious and Malay Customs Council launches Shariah compliant prepaid card in collaboration with e-wallet
SAUDI ARABIA: Mulkia Gulf Real Estate REIT Fund enlists Zakat advisor for fund registration
GLOBAL: IsDB Prize for Impactful Achievement in Islamic Economics receiving nominations until the 20th December 2020
EGYPT: Egyptian property company to raise EGP2 billion (US$127.43 million) through Sukuk in first quarter of 2021 to finance housing project
BAHRAIN: Solidarity Bahrain engages advisors to conduct due diligence on proposed merger with T’azur
UAE: Arab National Bank’s US$750 million Tier 2 Sukuk facility receives final ‘BBB-’ rating from Fitch
MALAYSIA: Bursa Malaysia concludes bond on blockchain proof-of-concept
MALAYSIA: Sime Darby Property issues three Musharakah-based Islamic medium-term notes
MALAYSIA: Guan Chong prints seven-year Islamic medium-term note
MALAYSIA: Gamuda offers RM200 million (US$49.04 million) Islamic commercial paper
MALAYSIA: Cagamas sells two Islamic papers totaling RM800 million (US$196.17 million)
MALAYSIA: Bank Negara Malaysia auctions RM20.2 billion (US$4.95 billion)-worth of Shariah papers
MALAYSIA: Malaysian central bank issues exposure draft for microTakaful and microinsurance products under Perlindungan Tenang initiative
PAKISTAN: State Bank of Pakistan revises transaction structure of Government of Pakistan Sukuk Ijarah on Jinnah International Airport Karachi
BAHRAIN: Al Salam Bank Bahrain appoints Muzaffar Hussain Naveed Allana as head of finance
SAUDI ARABIA: Jadwa REIT Al Haramain Fund invests SAR50 million (US$13.33 million) in Shariah compliant private real estate investment fund
MALAYSIA: Bank Negara Malaysia elaborates on new COVID-19 financing facilities for SMEs
IRAN: Iranian Ministry of Economic Affairs and Finance announces 27th bond auction results
MALAYSIA: Sunway Treasury Sukuk issues RM100 million (US$24.5 million) Islamic commercial paper
MALAYSIA: Property developer Sunsuria auctions two Wakalah-based Islamic medium-term notes
INDONESIA: Indonesian government targets IDR6 trillion (US$423.28 million) in upcoming Sukuk auction
GAMBIA: Central Bank of Gambia concludes auction featuring three Sukuk Salam facilities
IRAN: Central Bank of Iran unveils new type of security to support productive economy
PALESTINE: IsDB-supported Economic Empowerment Fund for the Palestinian People holds first meeting to implement strategy
MALAYSIA: RHB Islamic signs MoU with Malaysian Green Technology and Climate Change Center to support green mosque and Green Growth Initiative
SAUDI ARABIA: Allied Cooperative Insurance Group welcomes Khaled Sulaiman Mohammed Al Jasser and Abdullah Saleh Al Harbi as board members
PAKISTAN: Aftab Afroz Mahmoodi joins Awwal Modaraba Management as CFO
MALAYSIA: UiTM Solar Power Dua plans Green Sustainable and Responsible Investment Sukuk of up to RM100 million (US$24.5 million)
INDONESIA: Indonesian government targets IDR6 trillion (US$423.28 million) in upcoming Sukuk auction
Press Releases
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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...