UAE: National Takaful Company registers 74% growth in net profit for first three months
BAHRAIN: Al Baraka Banking Group sees operating income shrink by 8% to US$93 million in first quarter of 2021
QATAR: QIIB maintains ‘A2’ credit rating driven by solid asset quality
UAE: Emirates Islamic maintains ‘A+’ issuer default rating with a stable outlook
BANGLADESH: Pubali Bank Securities withdraws Abdulla Al Mamun as authorized representative with immediate effect
GLOBAL: Malaysia’s sovereign sustainable Sukuk facility begins trading on Hong Kong’s stock exchange
IRAN: Central Bank of Iran authorizes only domestically extracted cryptocurrencies for foreign currency payments
BAHRAIN: Al Baraka Islamic Bank signs agreement with Eskan Bank to offer financing for Danat Al Baraka residential units
MALAYSIA: Bank Negara Malaysia continues to print Islamic papers to support Shariah banking liquidity
US: Islamic digital banking start-up Fair Fintech joins AAOIFI
MALAYSIA: reNIKOLA Solar raises RM390 million (US$94.76 million) through ASEAN Green SRI Sukuk
MALAYSIA: Maybank Islamic prints RM1.5 billion (US$364.97 million)-worth of Islamic commercial papers
MALAYSIA: Matrix Concepts Holdings issues RM50 million (US$12.17 million) three-month Islamic commercial paper
MALAYSIA: Gamuda floats RM200 million (US$48.66 million) Murabahah commercial paper
BRUNEI: Bruneian government issues BN$100 million (US$75.44 million) Sukuk Ijarah, bringing total Sukuk outstanding to BN$325 million (US$245.19 million)
MALAYSIA: AEON Co manages liquidity with RM125 million (US$30.41 million) one-month Islamic commercial paper
MALAYSIA: BIMB Investment Management declares 7.89% distribution yield for BIMB-Arabesque i-Global Dividend Fund 1
SAUDI ARABIA: Arabian Shield Cooperative Insurance participates in insurance pool for mandatory travel product
KUWAIT: Central Bank of Kuwait rolls out digital platform to facilitate monetary gift transfers during Eid
UAE: Ajman Bank inaugurates first wealth management branch in Dubai
UK: Capital Markets Malaysia supports IFN UK Forum 2021 as strategic partner
UAE: SocioPay launches scan and pay mobile app enabling charitable donations
SAUDI ARABIA: Capital Market Authority approves International Central Securities Depositories Instructions
OMAN: Omani Capital Market Authority approves new rules for public offerings
IRAN: Central Bank of Iran calls for guaranteed lifting of sanctions on Iranian banking industry during nuclear talks
MALAYSIA: Lembaga Tabung Haji records higher Zakat contributions for 2020
MALAYSIA: Bank Islam targets 30 homes to be handed over under Asnaf Personal Financing-i scheme this year
KUWAIT: Capital Markets Authority grants collective investment scheme license to Watani Investment Company for Islamic Leasing and Finance Fund XXII
UAE: HashCash to develop Shariah compliant crypto exchange for UAE entity
SAUDI ARABIA: Bank AlJazira announces early redemption of SAR2 billion (US$532.57 million) Sukuk due 2026
IRAN: Iran’s Economic Commission of the Parliament to approve new capital market law repositioning Securities and Exchange Organization
PAKISTAN: Bank of Punjab launches Roshan Digital Account services free of charge for Islamic and conventional customers
ALGERIA: Prime Minister Abdelaziz Djerad urges finance ministry to intensify efforts to promote Islamic finance
KUWAIT: Al-Tijaria Real Estate Development Company secures Islamic financing agreement worth KWD11 million (US$36.44 million) for future projects
UK: Law firm Foot Anstey promotes Zahir Nayani to equity partner
OMAN: Bank Nizwa appoints Ali Suliman Mohammed Al Jahdhami as non-voting Shariah board member
MALAYSIA: reNIKOLA Solar to issue green Sukuk worth up to RM390 million (US$94.76 million) on 11th May
MALAYSIA: Fraser & Neave Holdings proposes Sukuk programs worth a total of up to RM3 billion (US$728.95 million) to refinance existing borrowings
MALAYSIA: Maybank Asset Management launches debut mixed assets Islamic fund with Waqf feature
KUWAIT: Mezzan Holding Company signs market maker agreement on shares with KFH Capital Investment Company
GLOBAL: IsDB and The World Academy of Sciences collaborate to offer joint research and technology transfer grant to qualified women researchers
UK: Offa completes Shariah compliant rebridging facility worth GBP826,000 (US$1.15 million) for London properties
SAUDI ARABIA: Saudi Arabia’s insurance sector witnesses 2.3% growth as total written premiums reach SAR38.78 billion (US$10.34 billion) in 2020
KUWAIT: Kuwait International Bank partners with Mobiquity to design bank’s digital transformation
GLOBAL: IsDB and South Center release policy paper on strategies for South–South and triangular cooperation
INDONESIA: Five conventional banks to exit Aceh as province implements fully Islamic financial system
UZBEKISTAN: Trustbank signs agreement with ICS Financial Systems for Islamic banking software solution
SAUDI ARABIA: Arabian Shield Cooperative Insurance Company receives approval from Capital Market Authority for capital increase
PAKISTAN: Faysal Bank signs agreement with Emaar Properties to provide Islamic home financing facilities
PAKISTAN: Summit Bank welcomes Salman Zafar Siddiqi as new CFO
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...