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)
TURKEY: Turkiye Emlak Katilim Bankasi sells TRY100 million (US$13.99 million)-worth of lease certificates
MALAYSIA: Bank Negara Malaysia places two Islamic papers
TURKEY: Albaraka Turk Katilim Bankasi makes return payments to holders of TRY210 million (US$29.38 million) 45-day lease certificates
MALAYSIA: Principal Asset Management debuts Principal Islamic Asia Pacific Dynamic Income and Growth Fund to tap investment opportunities in Asia Pacific region
IRAN: Iran to establish dedicated fund to market provincial investment companies
GLOBAL: Railway project connecting Uzbekistan, Afghanistan and Pakistan attracts interest from IsDB
MALAYSIA: Lembaga Tabung Haji launches online fund transfer facility
PAKISTAN: State Bank of Pakistan revises Shariah governance framework for Islamic banking institutions regarding Shariah board members
GLOBAL: GCC Sukuk issuances increased 35% year-on-year to US$39.3 billion in 2020
PAKISTAN: Meezan Bank nominated as lead Islamic banking arranger for Agha Steel Industries’s solar power project with Renewable Power
SAUDI ARABIA: Saudi Al Rabie Food Company signs SAR342 million (US$91.13 million) Islamic financing facility agreement with Samba Financial Group
SUDAN: Faisal Islamic Bank collaborates with Network International to issue Mastercard debit, credit and prepaid payment cards in Sudan
UAE: SHUAA Capital announces resignation of Abubaker Seddiq Al Khoori as board director
SAUDI ARABIA: Joy Linton resigns as non-executive board member of Bupa Arabia for Cooperative Insurance Company
MALAYSIA: Maxis Broadband’s Sukuk Murabahah worth RM400 million (US$98.73 million) canceled in open market
GLOBAL: SEDCO Capital acquires 1899 Pennsylvania Avenue office building in US alongside three partners
MALAYSIA: Bank Simpanan Nasional appoints Jay Khairil Jeremy Abdullah as new chief executive
TURKEY: Ministry of Treasury and Finance of Turkey issues lease certificates worth EUR697.36 million (US$838.95 million)
MALAYSIA: Sunway Treasury Sukuk places Mudarabah-based Islamic commercial paper
MALAYSIA: Gas Malaysia Distribution prints RM210 million (US$51.83 million) Islamic commercial paper
GAMBIA: Central Bank of Gambia’s Sukuk Salam papers oversubscribed
BAHRAIN: Central Bank of Bahrain’s BHD26 million (US$68.57 million) Sukuk Ijarah offering oversubscribed
MALAYSIA: Malaysia issues RM4.5 billion (US$1.11 billion) Government Investment Issue Murabahah paper
MALAYSIA: Bursa Malaysia records best full-year financial results in 2020 since 2005 listing
KUWAIT: Kamco Invest records over US$2.6 billion in 2020 from six Sukuk and conventional bond transactions
SAUDI ARABIA: Lendo joins Google for Startups Accelerator program for MENA
GLOBAL: IsDB Group private sector entities to hold webinar on Arab–Africa Trade Bridges program
INDONESIA: Bank Syariah Indonesia on the hunt for strategic investors from the Middle East
KUWAIT: Warba Bank appoints Mohammad Musaed Mandani as director of legal department
UAE: Islamic vehicle insurance sales surge to 65% in 2020 from 25% in 2018 on comparison website Yallacompare
UK: New commodity Murabahah platform enters market as Tullet Prebon launches Fusion Islamic Finance
SAUDI ARABIA: Bader Khalid Al Anzi resigns as CEO of Solidarity Saudi Takaful Company
MALAYSIA: RHB Banking Group welcomes Nik Rizal Kamil Nik Ibrahim Kamil as new CFO
MALAYSIA: RAM Sustainability launches new suite of environmental, social and governance rating services
INDONESIA: Otoritas Jasa Keuangan classifies shares of Indointernet as Shariah compliant
UAE: Khaled Mohammed Balama Al Tameemi joins Central Bank of the UAE as vice-governor
MALAYSIA: Sunway Treasury Sukuk auctions RM50 million (US$12.36 million) Islamic commercial paper
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 36th bond auction