UAE: Abu Dhabi Islamic Bank to offer products on call and messaging app Botim
MALAYSIA: Fabulous Sunview obtains Islamic financing facility worth US$5 million from Export-Import Bank of Malaysia
TURKIYE: Turkiye Real Estate Bank launches Islamic paper worth TRY134 million (US$4.11 million)
MALAYSIA: Cagamas sells Islamic medium-term note worth RM200 million (US$41.81 million)
TURKIYE: Albaraka Turk Participation Bank prints Sukuk worth TRY750 million (US$23.03 million)
EGYPT: Bokra closes US$4.6 million pre-seed round; plans to launch in Q2 2024
UAE: Emirates REIT reports property income year-on-year growth of 10% to US$74 million; total assets reach US$1.04 billion
INDONESIA: Financial Services Authority of Indonesia issues regulation on determining supervision status and handling of issues in banks
SAUDI ARABIA: Allianz Saudi Fransi appoints four new board members
KUWAIT: Kuwait International Bank receives approval from Central Bank of Kuwait to issue additional Tier 1 Sukuk of up to US$300 million
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM14.25 billion (US$2.98 billion) in total
GLOBAL: Fasset partners with Malaysia Building Society to offer digital asset investments to customers in Malaysia
SAUDI ARABIA: Capital Market Authority of Saudi Arabia grants Financial Technology Experimental Permit to FinTech Thuluthain Company
SAUDI ARABIA: Amlak International renews financing facility with Saudi Investment Bank worth SAR864.5 million (US$230.31 million)
MALAYSIA: AEON Bank to start operations by end of Q2 2024, Bernama reports
BAHRAIN: Abdulhakeem Alkhayyat resigns from post as managing director and CEO of Kuwait Finance House Bahrain
INDONESIA:Takaful Keluarga appoints Yurivanno Gani as CEO
GLOBAL: GFH Partners welcomes Nabeel Kanoo as new board member
SAUDI ARABIA: Saudi National Debt Management Center opens third subscription round of Sah savings product with 5.59% return rate
UK: Wahed to launch real estate crowdfunding investment solution
SAUDI ARABIA: Emkan Alarabiya launches Sukuk product with return rate of up to 18%, Argaam reports
PAKISTAN: Mughal Iron & Steel Industries raises PKR3 billion (US$10.74 million) through privately-placed Sukuk
MALAYSIA: Cagamas prints Islamic paper worth RM230 million (US$48.01 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM15.45 billion (US$3.23 billion) in total
MALAYSIA: AEON Credit Service Malaysia launches Sukuk worth RM300 million (US$62.62 million)
SAUDI ARABIA: 18th IsDB Global Forum on Islamic Finance to be held on 28th April 2024
PAKISTAN: Pakistan Stock Exchange to hold auctions of government’s Sukuk Ijarah from 8th April 2024 to 20th June 2024
AUSTRALIA: Hejaz Group partners with mortgage and finance broking aggregator LMG, Mortgage Professional Australia reports
GLOBAL: Seedflex Technologies launches Shariah compliant digital financing solution in Malaysia, Fintech News Malaysia reports
US: The Children’s Place secures US$90 million Shariah compliant financing facility from Saudi firm Mithaq Capital
UAE: Emirates Islamic concludes debut US$500 million syndicated financing facility
GLOBAL: Prof Mehmet Asutay wins first place for 2024 Islamic Development Bank Prize for Impactful Achievement in Islamic Economics
PHILIPPINES: Maybank Philippines and unnamed foreign company to establish Islamic banking operations in Philippines
MALAYSIA: OCK Group proposes Islamic commercial papers program worth RM500 million (US$104.33 million)
MALAYSIA: Bursa Carbon Exchange to host inaugural renewable energy certificates auction on 25th June 2024
UAE: Abu Dhabi Islamic Bank denies interest in acquiring stake in Bank Syariah Indonesia
MALAYSIA: Bank Negara Malaysia prints Islamic facilities worth RM16.89 billion (US$3.52 billion) in total
MALAYSIA: Genting Plantations’s funding conduit registers RM2 billion (US$417.33 million) Sukuk program with Securities Commission Malaysia
QATAR: Qatar Islamic Bank records net profit of QAR955.14 million (US$261.63 million) for Q1 2024
MALAYSIA: Public Sector Home Financing Board prints Sukuk worth RM3.25 billion (US$677.78 million) in total
INDONESIA: Adira Finance to publicly offer Sukuk Mudarabah worth IDR400 billion (US$24.61 million), Bisnis.com reports
GLOBAL: Indonesia’s Badan Pengelola Keuangan Haji confirms support for IFN Investor Middle East Forum 2024
TURKIYE: Kuveyt Turk Katilim Bankasi auctions two Islamic papers worth TRY660 million (US$20.29 million) in total
SAUDI ARABIA: National Building and Marketing Company renews Shariah compliant financing worth SAR85 million (US$22.64 million)
MALAYSIA: Setia Alamsari launches Islamic paper worth RM12 million (US$2.5 million)
MALAYSIA: Qiradh Capital issues two Islamic medium-term notes worth RM37 million (US$7.72 million) in total
SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves SEDCO Capital Multi Asset Traded Fund offering
UZBEKISTAN: IsDB provides financial support for Uzbekistan’s Integrated Rural Development Project Phase II worth US$293.5 million
SAUDI ARABIA: IsDB Group to hold Private Sector Forum 2024 in Riyadh from 28th to 30th April 2024
GLOBAL: Fitch Ratings expects global Sukuk growth for the rest of 2024
14 December 2023
Manama, 12th December 2023: Bahrain, a prominent figure in the world of Islamic finance, continues to be a trailblazer in advancing knowledge capital and promoting innovation in the industry. Home to influential global Islamic standard-setting bodies such as AAOIFI, International Islamic Financial Market and the General Council for Islamic Banks and Financial Institutions, Bahrain has...
12 December 2023
Riyadh, 12th December 2023: Saudi Arabia, a driving force behind Islamic finance, remains the global leader in Islamic financial assets. The Kingdom's commitment to advancing Islamic finance is prominently featured in its Vision 2030 objectives, and it continues to prioritize the sector through innovative initiatives. IFN, with the support of the IsDB as the multilateral...
7 November 2023
Dubai, 1st November – The Global Shari’ah Majlis, a highly anticipated event in the Islamic finance industry, was held on Wednesday 1 November 2023. Hosted as a physical and virtual event by Standard Chartered’s Islamic Banking division, this prestigious gathering brought together global Shari'ah scholars from 8 countries for an engaging dialogue on the topic...
5 October 2023
Kuala Lumpur, 5th October 2023: The Islamic Sustainable Finance & Investment Forum (ISFI Forum), organized by IFN (Islamic Finance News), took place at the Securities Commission Malaysia on 3rd October 2023 and was supported by Capital Markets Malaysia, with the IsDB as the multilateral strategic partner. In response to the growing prominence of ESG considerations...
4 October 2023
Kuala Lumpur, 5th October 2023: The highly anticipated IFN Asia Forum, organized by IFN (Islamic Finance news), commenced its 18th edition, reaffirming its position as the premier business event for Islamic finance professionals worldwide with CIMB Islamic as the lead partner and the IsDB as the multilateral strategic partner. The event commenced with a keynote...
14 September 2023
Muscat, 12th September 2023: IFN Oman Forum, a prominent event in the Islamic finance industry, was held in Muscat on the 12th of September 2023. Under the patronage of Abdullah Salim Al-Salmi, the executive president of the Capital Market Authority, Sultanate of Oman, and the IsDB as multilateral strategic partners, the event attracted esteemed speakers,...
6 September 2023
London, 6th September 2023: IFN UK Forum, Europe's premier Islamic finance conference, returned to London on the 4th September 2023. Under the patronage of the Lord Mayor of the City of London and with support from His Majesty's Government, TheCityUK, the City of London and the IsDB as multilateral strategic partners, the event served as...
22 May 2023
KUALA LUMPUR, 18th May 2023 – The prestigious IFN Awards Ceremony Kuala Lumpur took place on the 17th May 2023, honoring the outstanding achievements in the field of Islamic finance. Following the IFN Awards Ceremony Dubai held on the 16th March 2023, which celebrated the most impactful Islamic finance transactions in the Middle East, Europe...
4 April 2023
Responding to a market gap for an efficient avenue to connect with the Islamic finance legal community, Islamic Finance news (IFN) is excited to launch IFN Lawyers, a proprietary online directory of Islamic finance lawyers from across the world. Focusing on the whole range of Islamic finance legal services across 29 categories from banking and...
26 July 2022
IFN, the world’s leading Islamic finance news provider, has partnered with prominent Shariah advisory firm Dar Al Sharia to produce a series of market knowledge content, particularly on global Shariah standards, as part of human capacity development efforts. VINEETA TAN writes. The new Islamic finance standards summary series is a continuation of a strong partnership...
2 March 2021
Kuala Lumpur 2nd March 2021 – Islamic Finance news (IFN), the Islamic finance industry's leading news platform, is pleased to announce the prestigious IFN Overall Deal of the Year 2020 accolade has been awarded to the Malaysian government for the Sukuk Prihatin facility worth RM666 million (US$164.64 million). Sukuk Prihatin brought a new approach to...
23 February 2021
Kuala Lumpur 23rd February 2021 – Islamic Finance news (IFN), the Islamic finance industry's leading media provider, has announced Pakistan’s Meezan Bank as the winner of the prestigious IFN Best Overall Islamic Bank 2020. Meezan Bank’s win comes in a year wrought with unprecedented difficulties due to the global COVID-19 pandemic. The Islamic bank rose...
16 October 2020
Kuala Lumpur 14th October 2020 – The annual IFN Service Providers Poll continues to be the benchmark of excellence honoring Islamic finance industry’s best in supporting operations, facilitating transactions, setting standards and rating transactions. The winners of the IFN Service Providers Poll 2020 displayed resilience during a challenging year, whilst remaining committed to service the...
1 October 2020
Kuala Lumpur 30th September 2020 – Eleven legal firms have been honored with the Islamic finance industry’s most prestigious accolades, the IFN Law Awards 2020, for their outstanding achievements in Shariah finance. The IFN Law Awards, by renowned Islamic finance media company Islamic Finance news (IFN), are the industry’s standard of Islamic finance legal excellence...
18 August 2020
London and Kuala Lumpur, 18 August 2020 - Moody’s Investors Service and Islamic Finance news (IFN) are proud to announce an exclusive collaboration to provide insights and analysis for Islamic finance worldwide. “This collaboration brings together Moody’s global Islamic finance expertise with IFN’s comprehensive and trusted coverage of Shariah compliant finance to serve a global...
5 August 2020
LONDON and KUALA LUMPUR, 5 August 2020 – Global Islamic finance expert REDmoney Group has entered into a strategic partnership with Islamic Finance Navigator and its platform Carrera Learning, a renowned learning provider in Islamic finance based in the UK. Commencing today, the partnership will see REDmoney Group and its flagship brand – Islamic Finance...
28 July 2020
Islamic fintech stakeholders have determined nine strategic priority areas that will further reinforce and enhance financial inclusion in Malaysia. All nine strategic priority areas were drafted based on the input given by the decision-makers and leaders from the Islamic finance industry, including the government, regulators and fintech community, during the ‘Islamic Fintech Dialogue 2020: Driving...
22 July 2020
Kuala Lumpur 22 July 2020 – Renowned Islamic finance media and service provider, REDmoney Group introduces its IFN Advisory Board. REDmoney Group, through its reputable brands of Islamic Financial news (IFN) and REDmoney events, is looking to further enrich its brand value through obtaining insights and advice from a council of subject matter experts. The...