IslamicMarkets uses cookies.
About our cookie policy.

Insights

Malaysian Economy to Receive a Second Stimulus Package worth MYR 230 Billion to Ease Pressure from COVID-19

With the increasing number of COVID-19 cases in the country, the Government of Malaysia announced an MYR 230 billion (USD 58 billion) stimulus package on the 27th of March 2020, to curb the impac...
IM Insights | March 30, 2020

Immediate Assistance Available for Malaysia’s Zakat Eligible Population

The Malaysian Prime Minister, Tan Sri Muhyiddin Yassin (PM) has directed relevant authorities to mobilize Zakat collection centres across the country to identify those who are eligible for immediate Z...
IM Insights | March 30, 2020

Moody’s: Global Sukuk Issuances to Increase to USD 75 Billion in 2020

In a report issued by Moody’s Investor Service (Moody’s), it has been forecasted that global long-term sovereign Sukuk issuance will increase by a moderate 6% to reach USD 75 billion in 20...
IM Insights | March 30, 2020

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 IslamicMarkets Sukuk Monitor, the...
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