KUWAIT: Fitch Ratings expect more Sukuk out of Kuwait amid pressure on Islamic banks’ asset quality and profitability
SAUDI ARABIA: Securities Depository Center Company unveils Repo Collateral Transfer service
GLOBAL: Global Financial Innovation Network to test innovative financial products across five continents
MALAYSIA: Co-opbank Pertama expands branch network with opening of two new branches
PAKISTAN: Alpha Beta Finance sells off 3.18 million shares in BankIslami Pakistan
YEMEN: Tadhamon Bank issues statement against both parties in Yemeni conflict as banking sector is caught in crossfire
UAE: Central Bank of the UAE urges non-registered Hawala providers to officially register before 2nd December 2020
MALAYSIA: Titijaya Land floats three-month RM70 million (US$16.93 million) Mudarabah facility
UAE: SHUAA Capital CEO Jassim Alseddiqi buys stake in company to hold 27.55% of share capital
MALAYSIA: Sunway Treasury Sukuk prints two short-term papers totaling RM190 million (US$45.95 million)
MALAYSIA: Prasarana Malaysia taps Sukuk market to raise RM600 million (US$145.11 million)
MALAYSIA: Matrix Concept Holdings prints RM50 million (US$12.09 million) unrated Islamic commercial paper
GLOBAL: IsDB becomes signatory of Finance in Common Declaration to establish coalition of 450 public development banks
GLOBAL: Islamic Corporation for the Development of the Private Sector joins development financial institutions coalition to commit US$4 billion in support of African MSMEs
SAUDI ARABIA: Saudi regulator takes action against KLMFX and GCC Group for illegally conducting securities business
TURKEY: Turkish central bank to pilot new retail payment system on 18th December
BANGLADESH: Former Bangladesh Bank governor Shegufta Bakht Chaudhuri passes away
PAKISTAN: Popular Islamic Modaraba Management Company reelects board of directors for three-year term
UAE: Dubai Islamic Bank raises US$1 billion through perpetual additional Tier 1 Sukuk
SAUDI ARABIA: Arch Capital receives regulatory approval to conduct securities business activities
BRUNEI: Autoriti Monetari Brunei Darussalam prices BN$10 million (US$7.41 million)-worth of Islamic treasury bills
MALAYSIA: Bank Negara Malaysia floats RM15.58 billion (US$3.77 billion)-worth of short-term Islamic facilities
MALAYSIA: AEON Co issues three-month RM70 million (US$16.93 million) Islamic commercial paper
MALAYSIA: Securities Commission Malaysia unveils framework to facilitate offering of Islamic funds with Waqf features
US: UIF Corporation records growth of 121.4% and 19.8% in home financing and purchase transaction financing respectively in third quarter
MALAYSIA: CIMB Islamic widens range of online products following surge in digital adoption among customers
INDONESIA: Investree partners with Gramindo Berkah Madani to provide microfinancing to unbanked female microentrepreneurs
MALAYSIA: Public Islamic Bank signs deal with Helios Photovoltaic for solar photovoltaic financing schemes
PAKISTAN: BankIslami Pakistan to sell shareholding in BankIslami Modaraba Investments to owners of Ghani Global Group
INDONESIA: Bank Mandiri appoints Rudi As Aturridha as corporate secretary to replace Rully Setiawan
TURKEY: Turkiye Finans Katilim Bankasi makes second return payment for 210-day lease certificates worth TRY500 million (US$62.51 million)
UAE: SHUAA GMC appoints FAB Securities Services to provide global custody services for new Islamic funds in Abu Dhabi Global Market
MALAYSIA: FWD Takaful to expand referral affiliate program to include online Takaful plans
NIGER: Islamic Solidarity Fund for Development donates US$40.42 million to Islamic University of Niger
PAKISTAN: Securities and Exchange Commission of Pakistan publishes consultation paper on digital asset trading regulations; to engage market for input
MALAYSIA: Maybank Islamic extends RM10 million (US$2.42 million)-worth of Islamic banking facilities to Cabnet Systems
INDONESIA: Rate of return for four Sukuk Negara Tabungan series remains unchanged
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 24th bond auction
UAE: Dubai Islamic Bank hires banks for potential issuance of US dollar-denominated additional Tier 1 Sukuk
TURKEY: Albaraka Turk Katilim Bankasi to issue TRY100 million (US$12.5 million)-worth of lease certificates on 16th November 2020
MALAYSIA: Securities Commission Malaysia proposes amendments to unit trust guidelines; considering similar proposals for exchange-traded funds
INDONESIA: Indonesian government extends offering period for cash Waqf-linked Sukuk series SWR001
MALAYSIA: Bank Negara Malaysia auctions Islamic liquidity management tools
BAHRAIN: Al Baraka Banking Group maintains profit levels during first nine months of 2020
MALAYSIA: RAM reaffirms ‘AA3/Stable’ rating on Trinity Asia Ventures’s Tranche 1 Islamic medium-term note
MALAYSIA: RAM reaffirms Besraya’s RM700 million (US$169.84 million) Sukuk Mudarabah rating at ‘AA3/Stable’
MALAYSIA: Fintech company TFX Islamic launches cross-border Shariah compliant supply chain finance platform
TURKEY: Lutfi Elvan joins Turkish Ministry of Treasury and Finance as new minister
SAUDI ARABIA: Al Sagr Cooperative Insurance Company hires Shariyah Review Bureau to manage Shariah compliance affairs
INDONESIA: Indonesian SME agency partners with Islamic knowledge center to provide mentoring to Shariah compliant cooperatives