RHB Tops MARC`s 2018 Debt & Sukuk League Table
KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) is named the top arranger by issue value of debt and Sukuk programs and issuances by Malaysian Rating …
Finance
Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and …
Alliance Islamic Bank Launches Social Crowdfunding Platform
Alliance Islamic Bank Bhd (AIS), the Islamic banking arm of Alliance Bank Malaysia Bhd yesterday launched its first-ever social crowdfunding platform, …
CollabDeen, A Muslim Community-Focused App Launched
CollabDeen is a Deep-Tech, AI-Powered, community management platform that helps faith-based communities, brands, businesses, and influencers to grow …
Malaysia To Be A Global Islamic Finance Hub, Says Amiruddin
KUALA LUMPUR: Malaysia is on the right track towards becoming a leading global Islamic finance hub in the near future.
Deputy Finance Minister Datuk …
Saudi Banks Assets To Grow In Double Digits by 2020
RIYADH — Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, …
Malaysian Banks Encouraged To Use Waqf Funds To Boost Affordable Home Ownership
Kuala Lumpur : More banks should consider Waqf funding as a tool to collaborate with other stakeholders to improve affordable housing …
Indonesia Raises $1.49b From Retail Sukuk
Indonesia has raised 21.1 trillion rupiah ($1.49 billion) through the sale of retail Islamic bonds, the finance ministry said on Tuesday, as Jakarta …
Mashraf Al Ryan To Debut Dollar Sukuk
Masraf Al Rayan, Qatar’s second-largest bank by market value, is eyeing a debut in the debt capital markets this year after inviting bankers to pitch …
Etihad Credit, First Abu Dhabi Bank To Facilitate UAE Exporters
Etihad Credit Insurance (ECI) and First Abu Dhabi Bank (FAB) have partnered to help local businesses with their trade finance needs and support …
QIB Issues $750m Worth Sukuk
(MENAFN – Gulf Times)
*The sukuk was met with strong investor demand as evidenced by the large orderbook which closed at $3.1bn, representing an …
UK, Turkey Push Islamic Finance Through Fintech
The UK and Turkey are collaborating to scale Islamic finance by leveraging the fintech sector, offering innovative solutions to expand financial …
OIC Approves Waqf Fund To Support Palestinian Refugees
The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) warmly welcomed the decision by the Council of Foreign …
Blockchain Technology to Help Penang Track Halal Products
On March 1, 2019, Malaysian Deputy Agriculture and Agro-based Industries Minister Sim Tze Tzin announced that the Malaysian government is looking into …
IDB Hosts Public-Private Partnerships Forum 2019
President of the IsDB H.E. Dr. Bandar Hajjar, and the Minister of Economy and Finance for the Government of Morocco H.E. Mohamed Benchaaboun opened …
Call To Adopt Islamic Economic, Banking System
LAHORE: Speakers at a conference stressed the need for adopting Islamic economic, finance and banking systems to address a host of economic problems …
Qatar, Along With Turkey, Malaysia To Conquer Islamic Finance Market
DOHA — Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs …
Yasaar Group To Open A Branch Office in Brunei
Yasaar Group’s strategic expansion into Brunei with a sub-office in Bandar Seri Begawan marks a significant milestone in the UK-based Islamic …
Brunei Darussalam Now Among Top 10 Islamic Finance Markets
Brunei Darussalam continues to be among the top 10 best-performing Islamic finance markets out of 131 countries, as highlighted in the Thomson Reuters …
Asia’s Islamic Finance Industry Growing Stronger By The Year
Asia’s Islamic finance sector is rapidly solidifying its position as a major player in the global industry, according to a report by the …
Islamic Finance Body Pledges Relevance Amid Global Changes at CIBAFI Forum
The General Council for Islamic Financial Institutions (CIBAFI) has reaffirmed its commitment to staying relevant in the rapidly evolving financial …
Indonesia Central Bank Warns Against Cryptocurrency Businesses
Indonesia’s central bank, Bank Indonesia (BI), has recently issued a strong warning against the rising trend of cryptocurrency trading, …
Bank Of Palestine Group Announces New Structure
The strategy will focus on utilising the group companies’ strengths in order to maximise synergies, economies of scale and core competencies to …
Icd And Afreximbank Sign $100-million Line Of Financing Agreement
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group and the …