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Insights

Saudi Arabia Rolls Out USD 13 Billion Stimulus Programme to Help SMEs

The Central Bank of Saudi Arabia announced a USD 13 billion (SAR 50 billion) financial program which will be funded by the Saudi Arabian Monetary Authority.The program will grant SMEs a six-month de...
IM Insights | March 17, 2020

High Government Borrowing Leads to Increase in Indonesia’s Foreign Debt in January 2020

High Government Borrowing Leads to Increase in Indonesia’s Foreign Debt in January 2020
Data issued by Bank Indonesia (BI) showed that the country’s foreign debt, including borrowings by the government and the private sector, increased 7.5% YoY to reach USD 410.8 billion in January...
IM Insights | March 17, 2020

Malaysia’s Islamic Banking Industry Could See Slower Financing Growth In the Event of A Prolonged COVID-19 Outbreak

President of the Association of Islamic Banking and Financial Institutions Malaysia (AIBFIM), Datuk Adissadikin Ali highlighted that the overall banking sector could experience slower financing growth...
IM Insights | March 17, 2020

Saudi-based MIS Extends SAR 60 Million Murabahah Agreement

Information-technology company Al Moammar Information Systems (MIS) in Saudi Arabia has amended and renewed its SAR 60 million Murabahah credit facility agreement with Gulf National Bank. ...
IM Insights | March 16, 2020

Malaysia’s CJ Capital gets AAA Rating Re-Affirmation on its MYR 114 Million Sukuk Murabahah from RAM Ratings; Outlook Stable

RAM Ratings re-confirmed its AAA rating on CJ Capital’s (CJC) MYR 114 million Sukuk Murabahah (2010/2020), which is set to mature later in 2020. The ratings agency also re-confirm...
IM Insights | March 16, 2020

Malaysia’s Mah Sing Issues MYR 600 Million Five-Year Sukuk Murabahah

According to the IslamicMarkets Sukuk Monitor, Malaysian property developer Mah Sing Group (the Group) announced that the proceeds from its MYR 600 million&nbsp...
IM Insights | March 16, 2020

COVID-19 Impact Pushes UAE Central Bank to Introduce an AED 100 Billion Stimulus Package Aimed at the Banking Sector

COVID-19 Impact Pushes UAE Central Bank to Introduce an AED 100 Billion Stimulus Package Aimed at the Banking Sector
The Central Bank (CB) of the United Arab Emirates (UAE) announced an AED 100 billion stimulus package to support the economy and ensure sufficient liquidity within the banking...
IM Insights | March 16, 2020

Indonesian Government to Provide more Colour on Tax Breaks under its USD 8.1 Billion Stimulus Package amidst the COVID-19 Outbreak

Finance Minister of Indonesia, Sri Mulyani Indrawati announced a variety of tax benefits that will be offered for a period of six months starting April 2020. These incentives are aimed...
IM Insights | March 16, 2020

Pakistan’s PKR 200 Billion Energy Sukuk-II to now Invite Smaller Bids from Individual Banks

Secretary of Pakistan’s Power Division, Irfan Ali confirmed that the initial decision to invite competitive bids for PKR 200 billion under its Sukuk-II issuance has been revoked, citing that the...
IM Insights | March 16, 2020

MARC Affirms Cerah Sama’s MYR 420 Million Sukuk With a AA-IS Rating; Outlook Stable

Cerah Sama (CS), the investment holding company of Grand Saga (concessionaire of the Cheras-Kajang Highway), has its MYR 420 million Sukuk’s AA-IS rating affirmed by Mal...
IM Insights | March 13, 2020