KUWAIT: Burgan Bank promotes Raed Abdullah Al Haqhaq to CEO
MALAYSIA: Moody’s maintains ‘A3’ ratings on Malaysian sovereign Sukuk facilities
MALAYSIA: RAM Ratings reaffirms ‘AAA(bg)/Stable’ rating on MUFG Bank (Malaysia)’s multi-currency Sukuk Wakalah Bi Al-Istithmar program
UAE: Al Mal Capital and MENA Capital form partnership to boost MENA equities offering
IRAQ: International Development Bank for Investment and Finance Iraq upgrades core banking system to Path Solutions’ iMAL R14
INDONESIA: Bank Muamalat Indonesia strikes partnerships with local hospital and charity
PAKISTAN: Rehan Laiq replaces Qaiser Javed as director of Askari Bank
UAE: Goldilocks Investment Company increases ownership in Islamic Arab Insurance Company to 14.1%
MALAYSIA: Bank Negara Malaysia prints one Government Investment Issue Murabahah and two Money Market Tender Qard instruments
UAE: SENAAT General Holding lists US$300 million Sukuk on Abu Dhabi Securities Exchange and London Stock Exchange
KUWAIT: Kuwait Finance House upgrades centralized SWIFT network system at group level
TURKEY: Turkish regulator releases draft amendments to Islamic financing rules
SAUDI ARABIA: Wataniya renews operating license for another three years
UAE: Emirates Global Aluminium looking to potentially refinance debt
SAUDI ARABIA: Jabal Omar Development Company places five-year US$135 million Sukuk
NIGERIA: Nigeria markets seven-year NGN100 billion (US$274.07 million) Sukuk Ijarah
GLOBAL: IDB to potentially provide up to US$1 billion to Turkmenistan-Afghanistan-Pakistan-India gas pipeline project
MOROCCO: Ministry of Justice of Morocco signs agreement with Islamic Research and Training Institute
MALAYSIA: Touch Mobile raises RM250 million (US$60 million) through Islamic commercial papers
MALAYSIA: Progressus Group prints RM16 million (US$3.84 million) Islamic medium-term note
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM4.45 billion (US$1.07 billion)
BAHRAIN: Central Bank of Bahrain issues final rules on open banking
GLOBAL: IFSB approves three-year strategic plan, new members and three new standards
UAE: Al Mal Capital appoints Khaled Abdel Majeed as new lead portfolio manager for Al Mal Mena equity funds and solutions
GLOBAL: Bangladesh Bank governor to take over chairmanship of IFSB with Bank Negara Malaysia governor as deputy; new executive committee confirmed
SAUDI ARABIA: Saudi Indian Cooperative Insurance Company board member resigns
MALAYSIA: CIMB Islamic’s former advisor appointed as Bank Rakyat’s new chairperson
SAUDI ARABIA: Saudi Indian Cooperative Insurance Company receives regulatory approval to present financial restructuring plan
GLOBAL: GCC Islamic banks to operate in a more stable environment next year as higher oil prices support growth and maintain strong liquidity, forecasts Fitch
MALAYSIA: Mohd Muazzam Mohamed takes over BIMB Holdings and Bank Islam Malaysia as CEO
MALAYSIA: Cagamas issues RM500 million (US$120.3 million) Sukuk, bringing year-to-date Islamic offerings to RM4.3 billion (US$1.03 billion)
PAKISTAN: Securities and Exchange Commission of Pakistan launches awareness campaign on Modaraba
BAHRAIN: Sheikh Salman Khalifa Al Khalifa replaces Sheikh Ahmed Mohammed Al Khalifa as Bahrain’s finance minister
SAUDI ARABIA: Regulator approves appointment of Mishal Ibrahim Al Shanifi as board member of Al Rajhi REIT Fund
GLOBAL: Bank Negara Malaysia and Dubai Financial Services Authority sign MoU on banking and Takaful
INDONESIA: Indonesian government raises IDR1.5 trillion (US$104.1 million) through private placement tradable Sukuk
SAUDI ARABIA: Al Sagr Cooperative Insurance Company appoints Talal Abdulaziz Fada as new CEO
IRAQ: Central Bank of Iraq’s IQD50 billion (US$41.73 million) Murabahah certificates undersubscribed
MALAYSIA: Bank Negara Malaysia issues three Money Market Tender Qard facilities
SAUDI ARABIA: Derayah REIT obtains SAR1 billion (US$266.45 million) seven-year financing from Al Rajhi Bank
TUNISIA: Fitch Ratings affirms ‘AA+’ rating on Wifak Bank
BAHRAIN: Khaleeji Commercial Bank increases holding of paid-up capital to 9.25%
IRAN: Iran to introduce two new derivatives in December
GLOBAL: International Islamic Financial Market to launch two trade finance-related standards soon; two more on Sukuk expected in 2019
MALAYSIA: Dynasty Harmony plans to issue 10-14.5-year Sukuk worth RM165 million (US$39.77 million)
UAE: GEMS MENASA Cayman fully redeems US$200 million Sukuk
SAUDI ARABIA: Al Alamiya for Cooperative Insurance Company inks insurance deal with Al Othman Holding Company
KUWAIT: Kuwait Finance House launches new types of gold bullion ranging from 10 to 100 grams
BRUNEI: Aidil Salleh to lead Yasaar Advisory Services
SAUDI ARABIA: Alkhabeer REIT raises over SAR247 million (US$65.81 million from IPO