PAKISTAN: Islamic International Rating Agency assigns ‘SCFR (pk) 1’ and ‘SCFR (Global) High’ ratings to Faysal Bank’s Islamic banking division
OMAN: Oman’s Islamic banking sector records growth; captures 14% of total assets of banking sector as at end of September 2020
GLOBAL: IFSB publishes frequently asked questions on corporate governance, collective investment schemes, Takaful risk management and financial inclusion
INDONESIA: Bank Pembangunan Daerah Istimewa Yogyakarta collaborates with Dana Pensiun Muhammadiyah to facilitate pension funds
MALAYSIA: Bank Muamalat Malaysia launches Muamalat Gold-i Account
UAE: Dubai Aerospace Enterprise issues US$750 million Sukuk rated ‘BBB-’ by Fitch Ratings
MALAYSIA: Hibiscus Petroleum raises largest Islamic convertible redeemable preference shares in 2020 at RM203.6 million (US$49.74 million)
MALAYSIA: BIMB Investment Management launches Bank Islam Premier Fund
PAKISTAN: Institute of Business Administration Centre for Excellence in Islamic Finance partners with Meezan Bank on Shariah auditor course
TURKEY: PwC appoints Cenk Ulu as new territory senior partner in Turkey
SAUDI ARABIA: Professor Ahmed Abdullah Ahmed Al Busaid joins Al Mashaar REIT’s board of directors as non-independent chairman
EGYPT: Cairo for Investment and Real Estate Development to issue EGP600 million (US$38.33 million) Sukuk in December 2020
EGYPT: Egyptian regulator approves Sarwa Capital’s EGP2.5 billion (US$159.98 million) Sukuk prospectus
MALAYSIA: Leong Hup Capital seeks approval for RM1 billion (US$244.3 million) Sukuk Mudarabah program
MALAYSIA: Bank Negara Malaysia issues Islamic liquidity management tools
BANGLADESH: Bangladesh Bank auctions two Bangladesh Government Islami Investment Bonds
GLOBAL: Investcorp invests in e-commerce logistics platform XpressBees
MALAYSIA: Takaful Ikhlas General introduces online home protection plan
KUWAIT: Central Bank of Kuwait launches third round of Certified Shari’ah Auditor program
SAUDI ARABIA: Islamic Research and Training Institute publishes Kingdom of Saudi Arabia Islamic Finance Country Report
PAKISTAN: Export-Import Bank of Pakistan to develop Islamic financial products in preparation for launch
PAKISTAN: Faysal Bank’s Islamic unit partners with online property portal Zameen.com to provide free real estate advisory to bank’s customers
BAHRAIN: Salah Abdulla Sharif appointed as fifth representative of GFH Financial Group in Khaleeji Commercial Bank’s board of directors
PAKISTAN: Habib Bank appoints Farhan Ahmed as head of corporate affairs
PAKISTAN: Pakistan Stock Exchange approves listing of Alfalah Islamic Rozana Amdani Fund
GLOBAL: Malaysia’s Serba Dinamik International pledges US$2.25 million to support IsDB’s COVID-19 response package
BANGLADESH: NRB Global Bank opens six Islamic banking subbranches
INDONESIA: Indonesia lists two sovereign Shariah securities totaling IDR2 trillion (US$140.53 million) on Indonesia Stock Exchange
TURKEY: Albaraka Turk Katilim Bankasi auctions TRY275 million (US$35.84 million)-worth of lease certificates
OMAN: Bank Nizwa to provide Islamic financing worth OMR20 million (US$51.81 million) for Salalah infrastructure project
UAE: Abu Dhabi Islamic Bank provides AED91 million (US$24.77 million) in financing for private client to acquire UK property
SAUDI ARABIA: Tihama Advertising and Public Relations Co makes early settlement of Islamic facility
SAUDI ARABIA: ACWA Power mulls US$1 billion Sukuk issuance
EGYPT: Financial Regulatory Authority of Egypt to approve Sarwa Capital’s EGP2.5 billion (US$159.98 million) Sukuk facility
BRUNEI: Autoriti Monetari Brunei Darussalam auctions BN$30 million (US$22.32 million)-worth of AMBD Islamic Bills
OMAN: Hadiqah Al Madina Sukuk’s OMR3 million (US$7.77 million) Sukuk listed on Muscat Securities Market
MALAYSIA: Puncak Wangi sells one-year Islamic medium-term note
MALAYSIA: Perbadanan Kemajuan Negeri Selangor issues RM50 million (US$12.21 million) Islamic medium-term note
MALAYSIA: Cagamas floats RM245 million (US$59.84 million) Islamic paper
MALAYSIA: Bank Negara Malaysia prints Shariah papers totaling RM14.37 billion (US$3.51 billion)
BAHRAIN: Fitch affirms Investcorp’s ratings at ‘BB’ and ‘B’
MALAYSIA: MARC assigns final rating of ‘AA-IS’ to Guan Chong’s proposed RM800 million (US$195.05 million) Sukuk Wakalah program
INDONESIA: Bank Indonesia further reduces seven-day reverse repo rate to 3.75%
KUWAIT: Boubyan Bank maintains ‘A-’ long-term issuer credit rating
TURKEY: Turkey raises main policy rate to 15% from 10.25%
MALAYSIA: MARC affirms ‘AAAIS’ rating on Trans Thailand–Malaysia project’s RM600 million (US$146.29 million) Sukuk Murabahah
UAE: Fitch affirms Noor Bank’s Sukuk program; withdraws issuer default ratings
SAUDI ARABIA: Buruj Cooperative Insurance Company under rating review for downgrade due to worsening profitability and governance risks
MALAYSIA: Axis REIT to acquire three properties in Johor for RM28.2 million (US$6.88 million)
UAE: Al Mal Capital extends subscription period of Al Mal Capital REIT