UAE: SICO becomes first non-UAE market maker on Abu Dhabi Securities Exchange
GLOBAL: Saudi Arabia, the UAE and Kuwait guarantee financial support to Bahrain
MALAYSIA: Etiqa Takaful plans to expand to more ASEAN nations by 2019
UAE: Takaful Emarat inks agreement to implement Device-as-a-Service solution for Apple devices through Mideast Data Systems
KUWAIT: KAMCO Investment obtains approval from Capital Markets Authority to acquire Global Investment House
KUWAIT: Warba Bank secures Capital Markets Authority’s approval to engage in securities activities
SAUDI ARABIA: Saudi Real Estate Refinance Company to collaborate with Saudi British Bank on home financing solutions
BAHRAIN: Bahrain Islamic Bank signs agreement with Kingdom Properties Real Estate to provide financing for potential residents of Janayin Al Hamala project
UAE: Emirates Islamic offers up to 100% discount on processing fees for auto financing on electric vehicles
GLOBAL: Integrated Capital and Abu Dhabi Financial Group transfer GFH’s shares to Al Hilal Bank for a financing facility
UAE: Standard Chartered promotes Faisal Abu Shaar as chief risk officer for the Middle East, country chief risk officer for the UAE and head of risk for Islamic banking
UAE: ENBD REIT working on strategy to add value to shareholders following recent fall in share price
SAUDI ARABIA: Al Ahli Takaful Company appoints Khalid AlGhalib AlSharif as non-executive board member
SAUDI ARABIA: Al Sagr Cooperative Insurance Company extends Shafiq Mansour Al-Rumaih’s tenor as CEO for another six months
MALAYSIA: Sunway Treasury prints 340th and 341st Islamic commercial papers
MALAYSIA: Bank Negara Malaysia auctions Islamic liquidity management papers
UAE: Dubai Financial Market suspends trading on Arab Insurance Group and Al Safwa Mubasher Financial Services
SAUDI ARABIA: Mediterranean and Gulf Insurance and Reinsurance Company obtains Capital Market Authority’s approval to increase capital
BANGLADESH: Bangladeshi regulator prohibits stockbrokers and merchant bankers from providing loans to purchase Padma Islami Life Insurance security
GLOBAL: Islamic Solidarity Fund for Development partners with Education Above All Foundation to increase literacy rate
MALAYSIA: AQRS The Building Company obtains Islamic financing
OMAN: Central Bank of Oman drafts secondary regulations of National Payment Systems Law
SAUDI ARABIA: Amana Cooperative Insurance requests for Capital Market Authority’s approval to increase capital
TURKEY: Turkey’s foreign currency bonds and Sukuk obligations may be at risk from lira crisis
UAE: Dubai Gold and Commodities Exchange enters into partnership with Dubai Islamic Economy Development Centre
INDONESIA: Ministry of Finance publishes amended regulation on issuance and sale of state Sukuk in foreign exchanges on the international primary market
GLOBAL: Aabar Investments to offload shares in RHB Bank via block trade
TURKEY: Kuwait Finance House gives assurance that its Turkish portfolio is stable
IRAN: Borhan Credit Rating obtains license from Securities and Exchange Organization
IRAQ: Central Bank of Iraq secures ISO certification for quality management system
IRAN: Iranian municipalities sell Islamic securities worth IRR11.99 trillion (US$284.63 million) during first quarter of current fiscal year
KUWAIT: Central Bank of Kuwait issues Shariah and conventional securities worth KWD160 million (US$525.34 million)
SAUDI ARABIA: Saudi Arabian Monetary Authority warns public not to fall victim to illegal insurance practices which may lead to insurance claims being denied
MALAYSIA: Matrix Concepts issues RM50 million (US$12.21 million) Islamic commercial paper
MALDIVES: Maldives Monetary Authority prints 91-day Mudarabah certificate
INDONESIA: Indonesia to reopen six Shariah securities on the 21st August
MALAYSIA: Bank Negara Malaysia’s three Money Market Tender Qard facilities fully subscribed
MALAYSIA: AEON Co issues 34-day Islamic commercial paper
BAHRAIN: Ithmaar Bank’s net profit for first half of 2018 drops 17.58% to BHD3.61 million (US$9.52 million)
BAHRAIN: GFH Financial Group records 12.06% surge in net profit for the first half of 2018
BAHRAIN: Bahrain Islamic Bank’s total income and expenses fall by 0.5% and 3.1% respectively
PAKISTAN: UBL Fund Managers declares interim distribution for Al Ameen Islamic Cash Fund
MALAYSIA: RAM maintains ‘AA3/Stable’ rating on SPR Energy’s senior Sukuk Ijarah
SAUDI ARABIA: Saudi Real Estate Refinance Company plans to issue Sukuk
IRAN: Iran’s Social Security Organization to issue three-year equity-backed Sukuk Ijarah today; to auction 15 tranches of its debt securities
MALAYSIA: Bank Muamalat Malaysia rolls out Islamic premier banking entity
BRUNEI: Government of Brunei floats 160th short-term Sukuk Ijarah
GLOBAL: Islamic Corporation for the Insurance of Investment and Export Credit grows insured business portfolio by 42.7% to US$4 billion in the first six months of the year
IRAN: European, Japanese and South Korean banks halt transactions with Iran
GLOBAL: Emirates Islamic rolls out one-hour online fund transfer service for remittances to Pakistan