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Insights

Malaysia’s Financial Services Sector to Assist SMEs Ride out the Impacts of the COVID-19 Pandemic

Malaysia’s Economic Stimulus Package 2020 introduced by the Government of Malaysia, (GoM) aims to effectively deal with the economic risks posed by the novel COVID-19 pandemic.&nb...
IM Insights | March 20, 2020

35% Dividend Pay-out and Increased of Foreign Share Ownership Threshold Approved at DIB’s AGM

At the Annual General Meeting (AGM) of the Dubai Islamic Bank (DIB), a dividend pay-out of 35% along with a proposal to increase the threshold for foreign ownership of DIB shares f...
IM Insights | March 19, 2020

Proposal to Issue Up-to USD 1 Billion Shariah-Compliant Sukuk by Arabian Centres Co Approved at EGM

At an Extraordinary General Assembly Meeting (EGM) of Saudi Arabian Real Estate Development Company, Arabian Centres Co, held on the 16th of March 2020, the company received&n...
IM Insights | March 19, 2020

Tabuk Cement Closes Deal to Re-structure Credit Facilities in Compliance with Shariah Law

Saudi based building materials company, Tabuk Cement, has signed an agreement with Bank Albilad, to re-structure SAR 380.82 million (USD 101 million) worth credit facilities. The company stated t...
IM Insights | March 19, 2020

Indonesian Rupiah at its Weakest since 1998 Crisis

Indonesian Rupiah at its Weakest since 1998 Crisis
The rapid spread of the Coronavirus which has heightened fears of a global recession, has prompted investors globally to exit emerging markets and park their funds in safe haven as...
IM Insights | March 19, 2020

India Plans to Purchase Low Price Oil from Saudi Arabia and the UAE to Top-up Petroleum Reserves

India Plans to Purchase Low Price Oil from Saudi Arabia and the UAE to Top-up Petroleum Reserves
Oil prices, globally, have declined around 40 percent during March this year, stemming from low demand due to the negative impact on economies caused by the Coronavirus pandemic. Contrary to the...
IM Insights | March 19, 2020

The SBP Allocates Over PKR 100 Billion for Manufacturing and Health Sectors, to Overcome Challenges Driven by the Coronavirus

On Tuesday, 17th of March 2020, The State Bank of Pakistan (SBP) announced that funds over PKR 100 billion have been set-aside as concessionary loans to support the country’s...
IM Insights | March 19, 2020

Kuwait’s Health Ministry Receives KWD 1 Million Financial Commitment from the Awqaf Secretariat and Zakat House, to Curb the Coronavirus

Kuwait’s Minister of Justice and Minister of Awqaf and Religious Affairs, and the board chair of Zakat House, Dr Fahad Al-Afasi, announced that the Awqaf Secretariat and Zaka...
IM Insights | March 19, 2020

Strong Growth Opportunities for Bangladesh’s Islamic Banking Sector

Bangladesh’s Islamic Banking Industry has witnessed strong growth historically, in line with the sector’s expansion globally.  Since the country’...
IM Insights | March 18, 2020

Economic Uncertainty in Indonesia to Further Drive-down Jakarta’s Office Property Market

Property consulting company, Knight Frank Indonesia stated that Jakarta’s office property market is likely to decline further, on the back of economic uncertainty in Indonesia. Data publishe...
IM Insights | March 18, 2020