OMAN: Bank Muscat to increase capital with bonus shares offering
INDONESIA: Bank Indonesia rolls out Shariah Economy Literacy Index; 2019 data puts literacy level at 16.3%
UAE: Abu Dhabi Islamic Bank declares cash dividends on the back of 4% net profit growth
MALAYSIA: Malaysian government issues 7.5-year RM4.5 billion (US$1.03 billion) Sukuk Murabahah
MALAYSIA: AEON Co issues one-month Islamic commercial paper
MALAYSIA: Amanah Saham Nasional declares income distribution for five funds
UAE: Abu Dhabi Islamic Bank raises foreign ownership limit to 40% as a “response to the interest from global investors”
EGYPT: Faisal Islamic Bank to raise capital by US$66.02 million through issuance of bonus shares
KUWAIT: Boubyan Bank opens nomination period for board membership; looking to elect two independent directors
SAUDI ARABIA: No dividend distribution for Walaa Cooperative Insurance Company as it seeks to strengthen financial position
EGYPT: Egyptian Takaful operators competing for EGP1.8 billion (US$114.05 million) Cairo Opera House tender
SAUDI ARABIA: Amana Cooperative Insurance Co registers net loss before Zakat worth SAR27.71 million (US$7.36 million) for 2019
SAUDI ARABIA: Al Sagr Cooperative Insurance Co records accumulated losses worth SAR57.44 million (US$15.25 million) in 2019
SOUTH AFRICA: Al Baraka Bank South Africa posts 7% increase in total assets and 11% increase in net income for 2019
OMAN: Moody’s withdraws ‘Ba2’ insurance financial strength rating on Al Madina Insurance Company
SAUDI ARABIA: Red Sea Gate Terminal Company secures SAR1.54 billion (US$409.16 million) Ijarah financing facilities to fund redevelopment of Jeddah Islamic Port
BAHRAIN: Khaleeji Commercial Bank suspends trading to implement capital reduction
GLOBAL: Sukuk issuances likely to hover around US$180 billion this year while Takaful market to see uptick as coronavirus risks persist, says Moody’s
GLOBAL: UK-based Jumahpay signs MoU with South Africa’s National Zakat Foundation
MALAYSIA: Islamic financing growth in Malaysia to moderate to below 5% in 2020 amid COVID-19 uncertainties
MALAYSIA: Malaysia Digital Economy Corporation and GlobalSadaqah to launch national campaign to support COVID-19 frontline workers; IFN and IFN Fintech join initiative
UAE: Gulf Navigation to issue AED125 million (US$34.02 million) five-year Sukuk to private investors to pay overdue salaries and settle dues to suppliers, among others
BAHRAIN: Bahrain Islamic Bank offers six-month deferral of installments without fees or increase in profit rate
MALAYSIA: Sunway Treasury Sukuk issues Islamic commercial paper
MALAYSIA: LBS Bina Group prints Islamic medium-term note
MALAYSIA: Bank Negara Malaysia prints one Money Market Tender Murabahah Overnight Borrowing Acceptance Islamic facility
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Company plans to reduce capital
MALAYSIA: Malaysian insurance and Takaful industry pledges RM8 million (US$1.85 million) for COVID-19 testing
MALAYSIA: Bank Rakyat Group records 2.6% growth in total assets amid challenging year
UAE: S&P Global revises outlooks on UAE banks over concerns of worsening operating environment
OMAN: Ahli Bank donates OMR1 million (US$2.59 million) to government to help combat COVID-19
PAKISTAN: Independent Power Producers Association urges Power Division to expedite energy Sukuk issuance
SAUDI ARABIA: CHUBB Arabia Cooperative Insurance Co sees 2019 net profit before Zakat tumble by 28.48%
SAUDI ARABIA: Arabia Insurance Cooperative Co registers SAR37.76 million (US$10.03 million) loss in 2019
EGYPT: Central Bank of Egypt places temporary limits on daily withdrawals and deposits
INDONESIA: CIMB Niaga’s Sukuk Mudarabah series listed on Indonesia Stock Exchange
US: Sidra Capital invests in US student housing properties across six states
SAUDI ARABIA: Gulf General Cooperative Insurance Co trims losses by 86.9% on the back of higher earned premium and portfolio performance
SAUDI ARABIA: United Cooperative Assurance Co back in the black with SAR15.54 million (US$4.13 million) 2019 profit before Zakat
SAUDI ARABIA: Saudi Re for Cooperative Reinsurance Co’s 2019 net earnings before Zakat surge 332.29%
UAE: Islamic Arab Insurance Company reports AED55 million (US$14.97 million) net profit for 2019
PAKISTAN: State Bank of Pakistan delays IFRS 9 implementation in light of COVID-19
INDONESIA: Indonesia mulls issuance of recovery bonds to fund COVID-19 relief programs
OMAN: Bank Nizwa introduces new features to e-wallet
MALAYSIA: Bursa Malaysia rolls out additional COVID-19 measures including expanding margin financing collateral universe
MALAYSIA: Sabah Credit Corporation floats RM100 million (US$22.74 million) six-month Islamic commercial paper
MALAYSIA: Country Garden Real Estate issues five-year RM295 million (US$67.09 million) Sukuk under Islamic medium-term note program
BANGLADESH: Bangladesh Bank issues BDT2.4 billion (US$27.73 million) in six-month sovereign Sukuk
MALAYSIA: AmBank Islamic turns to Sukuk Musharakah to raise RM1 billion (US$227.42 million)
UAE: Dar Al Takaful reports bigger losses in 2019; shareholder profit drops to AED4.91 million (US$1.34 million)
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