Islamic Finance News
- SAUDI ARABIA: Sidra Mutajara Fund on track to deliver over 6% returns for 2020 SAUDI ARABIA: Sidra Mutajara Fund on track to deliver over 6% returns for 2020
- OMAN: Bank Nizwa and Nakheel Oman Development Company enter into OMR10.4 million (US$26.93 million) Musharakah strategic financing deal OMAN: Bank Nizwa and Nakheel Oman Development Company enter into OMR10.4 million (US$26.93 million) Musharakah strategic financing deal
- SAUDI ARABIA: SEDCO Capital REIT Fund’s 2020 dividends to be negatively impacted by discounted rental payments SAUDI ARABIA: SEDCO Capital REIT Fund’s 2020 dividends to be negatively impacted by discounted rental payments
- SUDAN: EU and World Bank sign US$110 million partnership agreement to provide funding to Sudan Family Support Programme SUDAN: EU and World Bank sign US$110 million partnership agreement to provide funding to Sudan Family Support Programme
- UAE: First Abu Dhabi Bank partners with fintech start-up Tabby to introduce interest-free Buy-Now-Pay-Later solution UAE: First Abu Dhabi Bank partners with fintech start-up Tabby to introduce interest-free Buy-Now-Pay-Later solution
- INDONESIA: BNI Syariah signs IDR400 billion (US$26.7 million) Musharakah working capital agreement with Medco Power Indonesia INDONESIA: BNI Syariah signs IDR400 billion (US$26.7 million) Musharakah working capital agreement with Medco Power Indonesia
- OMAN: Al Madina Investment Company to hold ordinary general meeting to discuss possible exemption of several board directors from their positions OMAN: Al Madina Investment Company to hold ordinary general meeting to discuss possible exemption of several board directors from their positions
- UAE: Dubai Financial Authority urges authorized firms to prepare in advance for London Interbank Offered Rate transition to Alternative Reference Rates UAE: Dubai Financial Authority urges authorized firms to prepare in advance for London Interbank Offered Rate transition to Alternative Reference Rates
- UAE: Mubarak Matar Al Shamsi resigns from Dubai Islamic Insurance and Reinsurance Company’s board of directors UAE: Mubarak Matar Al Shamsi resigns from Dubai Islamic Insurance and Reinsurance Company’s board of directors
- SAUDI ARABIA: Al Maather REIT Fund acquires new asset to complete education complex SAUDI ARABIA: Al Maather REIT Fund acquires new asset to complete education complex
- QATAR: Moody’s affirms Qatar’s debt ratings and SoQ Sukuk rating at ‘Aa3’ QATAR: Moody’s affirms Qatar’s debt ratings and SoQ Sukuk rating at ‘Aa3’
- OMAN: Sohar International Bank’s chief internal audit officer quits following resignation of chief risk officer several weeks earlier OMAN: Sohar International Bank’s chief internal audit officer quits following resignation of chief risk officer several weeks earlier
- OMAN: Hadiqah Al Madina Sukuk receives ‘omBBB’ national scale rating for OMR12.5 million (US$32.38 million) Sukuk Ijarah issuance OMAN: Hadiqah Al Madina Sukuk receives ‘omBBB’ national scale rating for OMR12.5 million (US$32.38 million) Sukuk Ijarah issuance
- UK: Al Rayan Bank adopts AAOIFI’s new Code of Ethics for Islamic Finance Professionals UK: Al Rayan Bank adopts AAOIFI’s new Code of Ethics for Islamic Finance Professionals
- UAE: Targeted Economic Support Scheme benefits more than 300,000 individuals UAE: Targeted Economic Support Scheme benefits more than 300,000 individuals
- OMAN: Hamood Khalfan Al Aisri resigns as chief internal auditor of National Bank of Oman OMAN: Hamood Khalfan Al Aisri resigns as chief internal auditor of National Bank of Oman
- GLOBAL: AAOIFI’s Governance and Ethics Board approves Waqf governance standard GLOBAL: AAOIFI’s Governance and Ethics Board approves Waqf governance standard
- UAE: KBBO Group hires Bruno Navarro as chief restructuring officer to restructure its US$2 billion debt UAE: KBBO Group hires Bruno Navarro as chief restructuring officer to restructure its US$2 billion debt
- PAKISTAN: Securities and Exchange Commission of Pakistan approves disclosure framework on financial market infrastructures PAKISTAN: Securities and Exchange Commission of Pakistan approves disclosure framework on financial market infrastructures
- ETHIOPIA: Dashen Bank to expand interest-free banking branch network to boost Islamic finance portfolio; preparing to roll out Mudarabah product ETHIOPIA: Dashen Bank to expand interest-free banking branch network to boost Islamic finance portfolio; preparing to roll out Mudarabah product