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Insights

Egypt’s TMG to Launch EGP 2 Billion Sukuk Ijarah Next Week

Egypt’s local media reported that Talaat Moustafa Group (TMG) aims to launch its first Sukuk programme worth EGP 2 billion by the end of next week, on the Egyptian market. The Sukuk...
IM Insights | April 01, 2020

ICD Announces USD 250 Million Emergency Funding to Assist Member Nations Affected by COVID-19

The Islamic Corporation for the Development of the Private Sector (ICD) has announced a USD 250 million emergency fund, expressing its concern over the health and well-being of its member co...
IM Insights | April 01, 2020

Extension of MCO Expected to Severely Impact Malaysia's SMEs

Malaysia small and medium enterprises (SMEs) stated on the 30th of March 2020, that they do not expect any cash inflow to their businesses for at least three months due to Malaysia's movement con...
IM Insights | April 01, 2020

World Bank Predicted a Lower GDP in 2020 for Malaysia

The World Bank (WB) predicted that 2020 would be a downturn year for Malaysia with forecasted GDP growth at negative 0.1%, a significant drop from its previous GDP target...
IM Insights | April 01, 2020

Indonesia’s MSMEs to Receive Economic Stimulus to Overcome COVID-19 Impacts

During a limited cabinet meeting held on the 30th of March 2020, Indonesian President Joko Widodo (Jokowi) stated that the Government of Indonesia will prepare economic stimulus and soc...
IM Insights | April 01, 2020

DSM Predicted Lower Economic Growth in Malaysia for 2020

The Department of Statistics Malaysia (DSM) forecasted a slowdown in Malaysia’s economic growth in the months ahead since the Leading Index (LI) which measures the econo...
IM Insights | April 01, 2020

Moody’s: Islamic Finance Industry to Grow in 2020 and Beyond

Moody’s Investors Service (Moody’s) is of the view that the global Islamic finance market will continue to grow in 2020 and thereafter, backed by performance from the GCC countries, a...
IM Insights | April 01, 2020

Malaysia’s LBS Issues MYR 130 Million Sukuk Musharakah

Malaysian property development company LBS Bina Group (LBS) has issued MYR 130 million worth Perpetual Sukuk Musharakah. This is the first tranche of LBS’ MYR 700 million Sukuk Program...
IM Insights | March 31, 2020

Indonesian BNBR to Raise USD 2 Billion through Sukuk Issuance in Malaysia

PT Bakrie & Brothers (BNBR), which is an Indonesia based company, plans to issue a Global Sukuk worth up to USD 2 billion to finance a USD 2.8 billion power project, with a cap...
IM Insights | March 31, 2020

UAE-Based Gulf Navigation Set to Issue AED 125 Million Sukuk

Dubai based shipping and logistics company, Gulf Navigation (GN) has received shareholders’ approval to issue AED 125 million Sukuk through a private placement. Funds raised from the five...
IM Insights | March 31, 2020