IslamicMarkets uses cookies.
About our cookie policy.

Insights

Malaysia’s BIMB Issues MYR 400 Million Sukuk Murabaha

Malaysia’s BIMB Issues MYR 400 Million Sukuk Murabaha
Bank Islam Malaysia (BIMB) has issued MYR 400 million worth Subordinated Sukuk Murabaha as the second tranche of its MYR 10 billion Sukuk Program. According to Islamic Markets Sukuk Monitor, th...
IM Insights | March 27, 2020

Bahrain’s KHBC Shareholders Nod to Issue USD 200 Million AT-1 Sukuk and Delist Shares from DFM

Khaleeji Commercial Bank (KHCB) of Bahrain has received shareholder approval to issue Sukuk as Additional Tier 1 (AT-1) Capital and to delist KHCB’s shares from Dubai Financial Market (DFM)...
IM Insights | March 27, 2020

Bangladesh’s SBL to Soon Become a Full-Fledged Islamic Bank

The Board of Directors of Bangladesh’s Standard Bank Limited (SBL) has decided to revise the relevant clauses of the Memorandum and Articles of Association of the company for conversion into ful...
IM Insights | March 27, 2020

Malaysia’s Nippon Express to Obtain Halal Certification for Newly Built Shah Alam Logistics Center

Malaysia’s Nippon Express (NE) has recently commenced operations in its newly constructed warehouse complex in Shah Alam Industrial Park, in the Malaysian state of Selangor. NE plans...
IM Insights | March 27, 2020

The IFSB Issues Exposure Draft on Investor Protection for Public Consultation

The Islamic Financial Services Board (IFSB) issued an Exposure Draft (ED-24) of a Standard on Guiding Principles for Investor Protection (IP) in Islamic Capital Markets (ICMs) on the 24th of March 202...
IM Insights | March 27, 2020

Bangladesh Announces BDT 50 Billion Stimulus Package to Assist Exporters and Counter COVID-19 Impact

Bangladesh has announced a BDT 50 billion (USD 590 million) stimulus package in an initiative to assist the country's export-oriented industries to counter the economic impact of the COVID-19 pan...
IM Insights | March 27, 2020

IsDB Launches its Second USD 2 Billion Aid Package to Assist Member Countries Affected by COVID-19

Following the launch of an USD 730 billion aid package earlier this month, the Islamic Development Bank (IsDB) has launched a new aid package worth USD 2 billion for its member countries. ...
IM Insights | March 27, 2020

Indonesia’s Retail Sukuk SR-012 is Oversubscribed Amidst COVID-19

The Retail Sukuk SR-012 (SR-012) issued by the Government of Indonesia has been successful, despite the prevailing COVID-19 crisis, attracting 23,952 investors across all provinces in Indone...
IM Insights | March 27, 2020

Brazilian Plant of Fuchs Receives Halal Certification

The Federation of Muslim Associations in Brazil (Fambras Halal) has issued the Halal Certification to the Brazilian arm of Fuchs, a German lubricant manufa...
IM Insights | March 26, 2020

The Federal Government of Nigeria to Grant NGN 10 Billion to Lagos State and NGN 1 Billion to Pharmaceutical Companies to Fight Against the Coronavirus

At a meeting with chambers of the National Assembly principal officers, ministers and heads of Ministries, and Department and Agencies (MDAs), Nigeria’s President of the...
IM Insights | March 26, 2020