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Insights

Watania Takaful Among the First to Embrace the Use of Blockchain Technology for Motor Claims

Watania Takaful Among the First to Embrace the Use of Blockchain Technology for Motor Claims
National Takaful Company (Watania) in the United Arab Emirates (UAE) has launched a new digital platform based on blockchain technology for the processing of motor claims&nbsp...
IM Insights | April 08, 2020

Al Babtain Signs SAR 150 Million Murabahah Facility with Samba

Saudi Arabia (KSA) based Al Babtain Power and Telecommunication Company (Al Babtain) has inked a four-year Murabahah facility worth SAR 150 million with Samba Financial Group...
IM Insights | April 08, 2020

MARC Affirms JEP’s MYR 8.98 Billion Sukuk with an AA-IS Rating; Outlook Stable

Jimah East Power (JEP), the Malaysian-based power generation company saw its MYR 8.98 billion Sukuk Murabahah’s AA-IS rating affirmed by Malaysian Rating Corporation (MA...
IM Insights | April 08, 2020

Bahrain’s April 2020 Sukuk Al-Ijara has been Issued

The Central Bank of Bahrain (CBB) announced that the monthly issuance of Islamic government short-term Sukuk (Sukuk Al-Ijara) for April 2020 has been oversubscribed. &nbs...
IM Insights | April 08, 2020

More Shariah-Compliant Firms List on the PSE

More Shariah-Compliant Firms List on the PSE
The number of Shariah compliant firms in the Philippine Stock Exchange (PSE) has increased to 52 during the period ending March 2020, compared to the 48 firms that were listed during the pre...
IM Insights | April 08, 2020

Albilad Capital Rebalances Saudi Sovereign Sukuk Basket

Saudi Arabia based Albilad Capital (Albilad) has announced that it has rebalanced the basket containing Saudi Arabia’s sovereign trading fund for Sukuk, as per the provisions...
IM Insights | April 08, 2020

Indonesia Set to Issue IDR 450 Trillion in ”Pandemic Securities”

In an attempt to revive the economy impacted by the Covid-19 pandemic and to address the country’s health crisis, the Government of Indonesia (Government) will be raising nea...
IM Insights | April 08, 2020

S&P: GCC Banking Sector may Experience the Second Wave of M&A

S&P Global Ratings (S&P) said that the Gulf Cooperation Council (GCC) region may see another wave of mergers and acquisitions (M&A), which will be more opportunistic, driven...
IM Insights | April 08, 2020

Up-coming Sukuk Issuance by Egypt’s TMG is Anticipated to Assist Market Revival

The upcoming issuance of the Talaat Moustafa Group’s (TMG) EGP 2 billion Sukuk is expected to have many positive impacts on Egypt’s economy amidst the prevailing COVID-...
IM Insights | April 07, 2020

Fitch: Turkish Economy to Start Recovering in Q4 2020 from COVID-19 Impact 

Fitch Ratings’ Sovereign Team Director, Douglas Winslow, has stated that Turkey's economy will catch up with its sustainable trend of growth next year while its Gross Domestic Product...
IM Insights | April 07, 2020