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
SAUDI ARABIA: Capital Market Authority approves National Commercial Bank’s request to increase capital for upcoming merger with Samba Financial Group
UAE: Emirates Islamic launches two new business banking centers in Dubai to support SMEs
SAUDI ARABIA: Capital Market Authority of Saudi Arabia authorizes Mediterranean and Gulf Cooperative Insurance and Reinsurance Company’s capital cut
OMAN: Salah Abdullah Al Sharji resigns as chief audit executive of Oman Arab Bank
EGYPT: Sarwa Capital places request for EGP2.5 billion (US$159.28 million) Sukuk to be listed on Egyptian Exchange
INDONESIA: Citibank and Standard Chartered Bank to distribute sovereign Shariah papers in Indonesia through online service
MALAYSIA: Malaysia issues RM2.5 billion (US$613.8 million) Malaysian Islamic Treasury Bill
BANGLADESH: Bangladesh auctions two Bangladesh Government Islami Investment Bonds
SAUDI ARABIA: Alkhabeer REIT Fund cancels plan to acquire industrial real estate in Riyadh
MALAYSIA: RCE Capital could be eligible for Shariah status before end of the year, says Maybank Investment Bank Research
PAKISTAN: Pakistan could abolish corporate income tax exemptions through a presidential ordinance to revive IMF program
BANGLADESH: Former Prime Bank CEO Rahel Ahmed takes on new role as CEO of digital financial services company Nagad
SAUDI ARABIA: Saudi Council of Cooperative Health Insurance renews memberships of three insurance companies
IRAQ: Central Bank of Iraq launches first digital enrollment service for Iraqi banking sector
GLOBAL: Codebase Technologies partners with PaymentComponents on open banking initiative in MENA region
GLOBAL: Kamco Invest and M7 Real Estate collaborate to acquire three regional office buildings in the UK under Shariah principles
NIGERIA: Central Bank of Nigeria issues directive ordering all financial institutions to close down accounts of cryptocurrency users
JERSEY: VG appoints Paul Bulstrode as manager of real estate and Islamic finance funds division
IRAQ: International Development Bank implements Path Solutions’s iMAL*BI solution
QATAR: Qatar First Bank acquires Waterway Plaza I office tower in US
KUWAIT: Kuwait’s Capital Markets Authority admits Osol For Sharia Consulting to list of registered external Shariah audit offices
MALAYSIA: Bank Negara Malaysia increases Targeted Relief and Recovery Facility allocation; establishes RM200 million (US$49.13 million) Disaster Relief Facility 2021
IRAN: Central Securities Depository of Iran urges Bank Mellat to issue credit cards guaranteed by justice shares
BANGLADESH: City Bank appoints Dr Anwar Hosain Molla as chairman of Shariah Supervisory Committee
SAUDI ARABIA: Bank Albilad appoints Nasser Muhammad Al Subaie as board chairman and Fahd Abdullah Dakhil as vice-chairman
MALAYSIA: Bank Negara Malaysia issues Shariah papers totaling RM23.39 billion (US$5.75 billion)
BRUNEI: Autoriti Monetari Brunei Darussalam prices 14th issuance of AMBD Islamic Bills at BN$12 million (US$8.99 million) with a profit rate of 0.1%
TURKEY: Albaraka Turk Katilim Bankasi sells TRY500 million (US$70.75 million)-worth of 84-day lease certificates
UAE: Sharjah Islamic Bank records net profit of AED405.8 million (US$110.47 million) in 2020, a 25.6% decrease compared with 2019
TURKEY: Turkish central bank sets up Participation Banking Division to facilitate development of Shariah finance
SAUDI ARABIA: Al Rajhi Bank generates 4.3% net profit growth in 2020 to SAR10.6 billion (US$2.82 billion)
MALAYSIA: RAM withdraws ‘AA1(s)/Stable’ rating on Pendidikan Industri YS’s Islamic debt securities
INDONESIA: PermataBank Syariah launches PermataKPR iB Bebas for home ownership financing
GLOBAL: Webinar on Arab–Africa Trade Bridges Program to foster regional trade attracts over 1,000 financial stakeholders
MALAYSIA: CIMB Islamic Bank launches sustainability solution for Malaysian SMEs
GLOBAL: Norton Rose Fulbright reelects Farmida Bi for a second term as chair for Europe, Middle East and Asia
UK: Gatehouse Bank launches Green Saver accounts to promote ethical savings
MALAYSIA: CIMB Islamic Bank launches sustainability solution for Malaysian SMEs
MALAYSIA: Tanjung Pinang Development prints three Murabahah-based Islamic medium-term notes amounting to RM20 million (US$4.93 million)
MALAYSIA: Pengurusan Air SPV issues two Islamic medium-term notes totaling RM800 million (US$197.15 million)