KUWAIT: Shariah compliant Boubyan Bank reports net profit of KWD25.7 million (US$84.45 million) for first half of 2018
MALAYSIA: Prudential BSN Takaful targets one million customers by end of 2018
PAKISTAN: Pakistan Mortgage Refinance Company to introduce new Islamic asset class to facilitate low-cost housing finance as part of regulator’s new policy
PAKISTAN: Noor Financial Investment Company divests 27.23 million ordinary shares in Shariah compliant Meezan Bank
QATAR: Islamic Holding Group suffers net loss of QAR61,388 (US$16,763.6) for the first half of 2018
OMAN: Al Yusr to finance Movenpick Bowsher hotel
NIGERIA: Nigerian Stock Exchange’s Sukuk listing rules to come into effect on the 23rd July
UK: Karen Faulkner to head Gatehouse Bank’s home finance operations
BAHRAIN: Al Salam Bank Bahrain, GFH and Khaleeji Commercial Bank confirm non-exposure to embattled Abraaj Group
PAKISTAN: Pakistan Stock Exchange names Sulaiman S Mehdi as chairman
MALAYSIA: Bank Negara Malaysia prints Islamic liquidity management tools
KUWAIT: Rasameel Investment Company recorded a sharp fall in Islamic finance income to KWD1,927 (US$6,333.67) for the year ended the 31st March 2018
GLOBAL: IFSB publishes working paper on Takaful
OMAN: Bank Sohar’s Islamic banking business suffers OMR157,000 (US$406,953) loss for the period ended the 30th June 2018
UAE: Dubai Islamic Bank sees 14.02% increase in group net profit in the first half of 2018
TURKEY: Turkish Islamic banks’ long-term ratings decline as sovereign ratings take a hit
MALAYSIA: IJM Corporation’s RM3 billion (US$739.38 million) Sukuk program maintains rating
UAE: First Abu Dhabi Bank maintains ‘A+’ financial strength rating
UAE: First Abu Dhabi Bank to integrate Dubai First into its personal banking group
IRAN: Capital Intelligence affirms Export Development Bank of Iran’s financial strength rating at ‘BB-‘
UK: Moody’s affirms Al Rayan Bank’s ratings; outlook changed from negative to stable
UAE: Union National Bank’s assistant vice-president and manager of corporate communications resigns
MALAYSIA: Chellam Plantations floats 10 tranches of Islamic medium-term notes for a total of RM10 million (US$2.46 million)
GAMBIA: Central Bank of Gambia receives full subscriptions for three-month, six-month and one-year Sukuk Salam papers
SAUDI ARABIA: Al Ahli Takaful appoints head of retail banking group and head of SMEs as new board members
BAHRAIN: Chairman of Al Baraka Banking Group’s Shariah board resigns; replaced by Sheikh Dr Abdulla Sulieman Al Mannea
GLOBAL: AXA Liabilities Managers buys majority stake in Emirates Re
MALAYSIA: AEON Co issues RM100 million (US$24.65 million) Islamic commercial paper
SAUDI ARABIA: Al Mashaar REIT’s unaudited net asset value reaches SAR572.59 million (US$152.58 million)
IRAN: Iran’s The Middle East Bank to open branch in Germany in September; working on expanding footprint in China
MALAYSIA: Bank Negara Malaysia’s money market facilities fully subscribed
BAHRAIN: Al Salam Bank-Bahrain signs MoU with Kingdom Projects to facilitate property financing solutions
INDONESIA: Bank Panin Dubai Syariah receives ‘idA+’ rating from PEFINDO
GLOBAL: IFN welcomes London Stock Exchange as partner for IFN UK Islamic Finance Week 2018
INDONESIA: BNI Syariah launches digital banking; targets IPO in 2019
KUWAIT: Burgan Bank receives ISO 9001:2015 recertification across all operations
SAUDI ARABIA: Maaden Bauxite and Alumina Company inks agreement with Public Investment Fund to amend terms of existing loans
MALAYSIA: Sabah Credit Corporation auctions 184-day Islamic commercial paper
KUWAIT: Central Bank of Kuwait issues KWD240 million (US$789.18 million)-worth of conventional bonds and Tawarruq facilities
GLOBAL: Iran and Ghana sign MoU to cooperate in various areas including potential Sukuk issuance in Ghana
MALAYSIA: Bank Negara Malaysia’s five Money Market Tender Qard papers fully subscribed
MALAYSIA: Increased demand sees 61.6% surge in Shariah financing in Labuan International Business and Financial Centre
IRAN: Government of Iran reimburses almost all claims by depositors of dissolved financial institutions
INDONESIA: Governor of West Sumatra, Irwan Prayitno, orders Bank Nagari’s directors to convert it into an Islamic bank
INDONESIA: Askrindo Syariah inks agreement with Bank Jatim’s Shariah banking unit for financing facility
KUWAIT: Jehad Saud Al-Humaidhi replaces Ahmed Zulficar as Ahli United Bank’s deputy CEO of banking support group
INDONESIA: Indonesia to reopen auction for six Shariah securities next week
SAUDI ARABIA: Derayah REIT to acquire Education & Skills International School’s building in Riyadh
BAHRAIN: Bahrain Economic Development Board partners with REDmoney to organize Global Islamic Fintech Huddle
GLOBAL: RAM Ratings maintains global Sukuk issuance projection at US$75-85 billion for 2018