BAHRAIN: Bank of Bahrain and Kuwait finalizing selection of advisors to arrange acquisition of Ithmaar Holding assets
OMAN: Oman’s Islamic banking sector register higher deposit and financing growth in 2020; accounts for 14.5% of total banking assets market share
INDONESIA: Vice-President of Indonesia KH Ma’ruf Amin calls for housing developers in Indonesia to develop properties with Islamic financing
UAE: Saray Capital increases level of interest in ENBD REIT from 7.79% to 8.08%
MALAYSIA: Bank Islam becomes official bank for Muslim lifestyle app TheNoor
INDONESIA: Sampoerna Agro to issue Sukuk Ijarah paper in two series
SAUDI ARABIA: National Commercial Bank releases tentative timetable for potential merger with Samba Financial Group; expects merger to be effective by end of April
GLOBAL: IsDB and Bosnia and Herzegovina discuss cooperation in Waqf, scholarships and science, technology and innovation
MOROCCO: Morocco’s higher education ministry officially recognizes International Centre for Education in Islamic Finance’s Master of Science in Islamic Finance degree
GAMBIA: Central Bank of Gambia’s auction featuring three Sukuk Salam papers oversubscribed
SAUDI ARABIA: Five Saudi insurers secure one-year license renewal
MALAYSIA: FWD Takaful doubles allocation to special fund for COVID-19 frontliners
SAUDI ARABIA: Halwani Brothers Company secures SAR140 million (US$37.31 million)-worth of Islamic financing facilities
INDONESIA: President Joko Widodo to sign presidential regulation to implement Zakat on civil servants to boost national Zakat target, hopes Ministry of Religion
INDONESIA: Wijaya Karya to issue Sukuk Mudarabah worth IDR500 billion (US$35.73 million)
INDONESIA: Sarana Multigriya Finansial’s IDR100.01 billion (US$7.15 million) Sukuk Mudarabah listed on Indonesia Stock Exchange
MALAYSIA: Maybank Islamic prints three Islamic commercial papers totaling RM1.5 billion (US$370.84 million)
MALAYSIA: Matrix Concepts Holdings auctions unrated Islamic commercial paper worth RM50 million (US$12.36 million)
MALAYSIA: Gamuda places Murabahah-based Islamic commercial paper
MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management tools
BRUNEI: Autoriti Monetari Brunei Darussalam prices 191st short-term Sukuk Ijarah at BN$100 million (US$75.41 million) with a rental rate of 0.25%
MALAYSIA: AEON Co sells RM125 million (US$30.9 million) Islamic commercial paper
IRAN: Bank Saderat Iran issues first-ever productive credit certificates worth IRR10 trillion (US$237.17 million) to Iran Khodro
PAKISTAN: Pakistani federal cabinet approves payment of PKR403 billion (US$2.51 billion) to independent power producers via cash and Sukuk
US: Goodwin appoints Zeeshan Ahmedani as partner in private investment funds practice; to focus on variety of funds including Islamic
MALAYSIA: Tenaga Nasional President Amir Hamzah Azizan believed to have assumed CEO role at Employees Provident Fund
BAHRAIN: Seef Entertainment secures BHD4 million (US$10.55 million) commodity Murabahah facility from Kuwait Finance House
TAJIKISTAN: Tajikistan to acquire medical support vehicles via non-refundable financing from IsDB
PHILIPPINES: Al-Amanah Islamic Investment Bank signs memorandum of agreement with two entities for development of waste to energy facility worth US$130 million
BANGLADESH: Southeast Bank receives regulatory approval for Islamic banking window
OMAN: CB Ganesh joins Oman Arab Bank as new chief business officer
GLOBAL: NBK Capital Partners makes first closing of US$300 million Islamic credit fund anchored by Public Investment Fund
SAUDI ARABIA: Riyad Bank completes private placement of Tier 2 capital Sukuk facility issuance worth SAR3 billion (US$799.43 million)
IRAN: Iranian Ministry of Economic Affairs and Finance sells IRR35.7 trillion (US$846.71 million)-worth of government bonds during 37th bond auction
INDONESIA: Indonesia raises IDR12 trillion (US$856.97 million) from Sukuk auction
TURKEY: Ministry of Treasury and Finance of Turkey issues TRY1.47 billion (US$207.47 million)-worth of fixed rent rate lease certificates
MALAYSIA: Tenaga Nasional sells RM250 million (US$61.64 million) Islamic commercial paper
MALAYSIA: Idiwan Solar prints Murabahah-based unrated Islamic medium-term note
MALAYSIA: BGMC Bras Power places RM4 million (US$986,167) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia issues two Islamic liquidity management tools
MALAYSIA: Global Sadaqah raises RM450,000 (US$110,897) via Ethis Malaysia
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit signs MoU with Poland’s KUKE for cross-border cooperation
OMAN: Meethaq Islamic Banking to extend education finance to students of German University of Technology and Finland Oman School
MALAYSIA: Malaysian Rating Corporation unveils new brand identity as part of expansion plans
MALAYSIA: Telekom Malaysia proposes buyback of all outstanding Islamic medium-term notes under RM2 billion (US$491.04 million) program
TURKEY: Ministry of Treasury and Finance of Turkey to issue Turkish lira-denominated fixed rent rate lease certificates
IRAN: Central Bank of Iran introduces new toman banknotes to be distributed in the coming months
KUWAIT: Kuwait International Bank signs agreement with Central Agency for Remedying Illegal Residents’ Status to provide innovative banking solutions
MALAYSIA: Westports Malaysia proposes to appoint RAM Ratings as rating agency for Sukuk Musharakah program of up to RM2 billion (US$491.04 million)
EGYPT: Banque Misr approves Islamic financing worth EGP1 billion (US$63.72 million) for real estate projects in Egypt