Islamic Finance News
- LIBYA: Arab Commercial Bank to convert operations to comply with Shariah principles and set up unit to support Libyan SMEs LIBYA: Arab Commercial Bank to convert operations to comply with Shariah principles and set up unit to support Libyan SMEs
- IRAN: Government of Iran offers tax relief for newly listed companies IRAN: Government of Iran offers tax relief for newly listed companies
- IRAN: Iran’s Securities and Exchange Organization to hold 12th Virtual International Forum on Islamic Capital Market on 14th–15th September 2020 IRAN: Iran’s Securities and Exchange Organization to hold 12th Virtual International Forum on Islamic Capital Market on 14th–15th September 2020
- OMAN: Alizz Islamic Bank to convert into closed joint stock company; will absorb Oman Arab Bank’s Al Yusr Islamic Banking unit as per sale agreement OMAN: Alizz Islamic Bank to convert into closed joint stock company; will absorb Oman Arab Bank’s Al Yusr Islamic Banking unit as per sale agreement
- KAZAKHSTAN: Astana International Financial Center and Agency for Regulation and Development of the Financial Market to develop regulatory framework for domestic securities market in Kazakhstan KAZAKHSTAN: Astana International Financial Center and Agency for Regulation and Development of the Financial Market to develop regulatory framework for domestic securities market in Kazakhstan
- MALAYSIA: Seohan Soo resigns from post as CEO of AmInvestment Bank; Tracy Chen Wee Keng takes over in the interim MALAYSIA: Seohan Soo resigns from post as CEO of AmInvestment Bank; Tracy Chen Wee Keng takes over in the interim
- SAUDI ARABIA: Jadwa REIT Saudi Fund acquires Aber Al Yasmin Hotel in Riyadh; signs new lease contract for property’s retail component SAUDI ARABIA: Jadwa REIT Saudi Fund acquires Aber Al Yasmin Hotel in Riyadh; signs new lease contract for property’s retail component
- MALAYSIA: MFMi Group partners with Mambu to launch digital Islamic financial services MALAYSIA: MFMi Group partners with Mambu to launch digital Islamic financial services
- GLOBAL: IsDB to examine global trends and highlight strategic opportunities in new global reports on key industries in the OIC GLOBAL: IsDB to examine global trends and highlight strategic opportunities in new global reports on key industries in the OIC
- GLOBAL: International Islamic Financial Market publishes French translations for six standards GLOBAL: International Islamic Financial Market publishes French translations for six standards
- INDONESIA: Indonesia mulls handing back banking regulation to Bank Indonesia INDONESIA: Indonesia mulls handing back banking regulation to Bank Indonesia
- MALAYSIA: Bank Islam to offer green financing in partnership with Tenaga Nasional MALAYSIA: Bank Islam to offer green financing in partnership with Tenaga Nasional
- INDONESIA: Ministry of State-Owned Enterprises mulls merger of pension fund companies and Shariah compliant banks INDONESIA: Ministry of State-Owned Enterprises mulls merger of pension fund companies and Shariah compliant banks
- SAUDI ARABIA: General Authority of Zakat and Tax extends several initiatives to mitigate impact of COVID-19 SAUDI ARABIA: General Authority of Zakat and Tax extends several initiatives to mitigate impact of COVID-19
- MALAYSIA: Standard Chartered Saadiq and Halal Development Corporation sign MoU to expand global market penetration of local Halal businesses MALAYSIA: Standard Chartered Saadiq and Halal Development Corporation sign MoU to expand global market penetration of local Halal businesses
- SAUDI ARABIA: Al Rajhi Bank rolls out automotive Takaful service through mobile app SAUDI ARABIA: Al Rajhi Bank rolls out automotive Takaful service through mobile app
- PAKISTAN: Overseas Investors Chamber of Commerce and Industry appoints new president and vice-president PAKISTAN: Overseas Investors Chamber of Commerce and Industry appoints new president and vice-president
- BANGLADESH: Credit Rating Agency of Bangladesh assigns ‘AA2’ rating to Shahjalal Islami Bank BANGLADESH: Credit Rating Agency of Bangladesh assigns ‘AA2’ rating to Shahjalal Islami Bank
- KUWAIT: Boubyan Bank maintains ‘A3’ long-term deposit rating from Moody’s KUWAIT: Boubyan Bank maintains ‘A3’ long-term deposit rating from Moody’s
- UAE: Emirates REIT’s ‘BB’ rating lands on Fitch’s negative watch list as concerns grow about its ability to weather economic conditions UAE: Emirates REIT’s ‘BB’ rating lands on Fitch’s negative watch list as concerns grow about its ability to weather economic conditions