MALAYSIA: Co-opbank Pertama Malaysia exceeds 2020 financial target despite COVID-19
MALAYSIA: MARC affirms ratings on UEM Sunrise’s Shariah papers
MALAYSIA: RAM reaffirms Suria KLCC’s RM600 million (US$148.46 million) Islamic medium-term note program rating at ‘AAA/Stable’
BAHRAIN: Family Microfinance House opens new branch in Budaiya to support individuals and families with limited income
INDONESIA: Indonesia lists six sovereign Shariah securities totaling IDR16 trillion (US$1.14 billion) on Indonesia Stock Exchange
SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Company concludes sale of fractional shares
MALAYSIA: Standard Chartered Saadiq maintains top ratings as RAM believes ultimate parent will lend support if necessary
MALAYSIA: RAM assigns preliminary ratings to Axis REIT Sukuk’s proposed RM105 million (US$25.98 million) fourth Sukuk issuance
MALAYSIA: Dynasty Harmony’s RM165 million (US$40.83 million) Islamic medium-term notes reaffirmed at ‘AA3/Stable’
PAKISTAN: EMAAR Karachi and Dubai Islamic Bank Pakistan sign deal to promote home financing
BAHRAIN: Investcorp Holdings appoints Frances Townsend as board director
GLOBAL: AAOIFI approves release of Arabic version of governance standard on Shariah compliance function
MALAYSIA: Bank Negara Malaysia announces appointments of external members of Monetary Policy Committee
MALAYSIA: Gamuda issues Murabahah-based Islamic commercial paper
MALAYSIA: George Kent (Malaysia) to issue Islamic papers worth up to RM500 million (US$123.71 million)
INDONESIA: Indonesian government seeking legal consultants for 2021 retail sovereign Sukuk program; appoints new online distribution partner
TURKEY: Albaraka Turk Katilim Bankasi seeks Capital Markets Board of Turkey’s approval to issue lease certificates worth TRY120 million (US$16.23 million)
BRUNEI: Autoriti Monetari Brunei Darussalam prices 11th issuance of AMBD Islamic Bills at BN$43 million (US$32.43 million)
MALAYSIA: Malaysia auctions RM3 billion (US$742.27 million) Government Investment Issue Murabahah paper
MALAYSIA: Sabah Credit Corporation sells RM50 million (US$12.37 million) Islamic commercial paper
GLOBAL: RAM reaffirms ‘AAA/Stable’ rating on Gulf Investment Corporation’s RM3.5 billion (US$864.69 million) Sukuk program
MALAYSIA: MARC assigns ‘MARC-1 IS’ and ‘A+IS’ preliminary ratings to George Kent (Malaysia)’s proposed ICP and IMTN programs respectively
IRAN: Iran issues electronic promissory notes to pay 70,000 coronavirus financing facilities; plans to phase out paper-based promissory notes
MALAYSIA: Affin Islamic Bank extends six-month moratorium to flood victims via Financial Assistance and Instalment Relief Program
NIGERIA: Central Bank of Nigeria issues framework on regulatory sandbox for Nigerian Payments System targeting fintechs
MALAYSIA: HSBC Amanah CEO Arsalaan Ahmed serving gardening leave
BAHRAIN: Naseej partners with Ithmaar Holding to develop BHD40 million (US$105.53 million) residential project
PAKISTAN: Bank of Khyber selects T24 core banking solution by Temenos to increase market share
EGYPT: Central Bank of Egypt bans all banks from distributing earnings to shareholders
INDONESIA: Indonesia hires banks for US dollar-denominated Sukuk
GLOBAL: Calligo acquires UK-based Network Integrity Services to further develop expertise in data services market
GLOBAL: AAOIFI makes all its standards available online on a complimentary basis
INDONESIA: Indonesian Hajj Financial Management Agency to inject IDR3 trillion (US$212.47 million) in Bank Muamalat Indonesia
MALAYSIA: Sunway Treasury Sukuk prints RM105 million (US$25.94 million) Islamic commercial paper
IRAN: Central Bank of Iran approves rules for digital wallets
GHANA: Islamic Finance Research Institute of Ghana’s director-general, Shaibu Ali, joins IFN as exclusive correspondent covering Ghanaian market
TURKEY: Kuveyt Turk Katilim Bankasi makes return payments to holders of TRY500 million (US$67.26 million) lease certificates
MALAYSIA: Bank Negara Malaysia issues RM23.71 billion (US$5.86 billion)-worth of Islamic papers
MALAYSIA: RAM reaffirms ‘AAA(bg)/Stable’ rating on EKVE’s guaranteed Sukuk Murabahah facility
SAUDI ARABIA: Malath Cooperative Insurance Company maintains ‘Baa2’ rating from Moody’s
LIBYA: Cash availability and withdrawal ceilings to rise in all Libyan banks, Central Bank of Libya official says
MALAYSIA: IBF Net partners with Algorand on development of blockchain-powered Islamic financial products
QATAR: Qatar Islamic Bank partners with QPay and Qatar Post to launch cashless payment on delivery system
MALAYSIA: Nazzi Beck joins CIMB Group Islamic Banking as regional head of strategic initiatives
INDONESIA: Otoritas Jasa Keuangan to relax regulations for issuance of debt securities
SAUDI ARABIA: Walaa Cooperative Insurance Company’s board of directors recommends capital increase through a rights issue of SAR775 million (US$206.48 million)
OMAN: Muscat Securities Market transforms into closed joint stock company Muscat Stock Exchange Company
PALESTINE: KPMG International to develop governance plan for Palestine Islamic Bank
IRAN: Iranian Ministry of Economic Affairs and Finance concludes 33rd bond auction
UAE: UAE-based developer Arada secures Islamic facilities from Dubai Islamic Bank and Ajman Bank