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Mashreq Capital’s Sukuk Fund Exceeds USD 150 Million in Assets Under Management

Mashreq Capital’s Sukuk Fund Exceeds USD 150 Million in Assets Under Management

Mashreq Capital, based in Dubai, United Arab Emirates, stated that its Mashreq Al Islami Income Fund...

IM Insights | August 11, 2020

K-Electric Closes Sukuk PKR 25 Billion Sukuk Issuance Two Weeks Ahead of Schedule

K-Electric Closes Sukuk PKR 25 Billion Sukuk Issuance Two Weeks Ahead of Schedule

Pakistan-based, power utility company K-Electric, announced on the 10th of August 2020, the successful closure of its PKR...

IM Insights | August 11, 2020

The Bureau of Internal Revenue Issues Tax Neutrality Ruling for Islamic Banks in the Philippines

The Bureau of Internal Revenue Issues Tax Neutrality Ruling for Islamic Banks in the Philippines

According to the Revenue Regulations No. 17-2020, issued by the Philippines' Bureau of Internal Revenue (BIR) Commissioner, Caeser R Dulay on the 22nd of June 2020, Islamic ba...

IM Insights | August 11, 2020

The Philippines Looks to Develop Its Digital Banking and Islamic Fintech Sectors

The Philippines Looks to Develop Its Digital Banking and Islamic Fintech Sectors

According to Arifa A Ala, Managing Director at Bangko Sentral ng Pilipinas (BSP), the Philippines aims to conduct at least 30% of all transactions online or via digi...

IM Insights | August 11, 2020

Fitch: Indonesia’s Long-Term Foreign Issuer Default Rating Affirmed at BBB, Outlook Stable

Fitch: Indonesia’s Long-Term Foreign Issuer Default Rating Affirmed at BBB, Outlook Stable

Indonesia has had its Long-Term Foreign-Currency Issuer Default Rating (IDR) affirmed at BBB by Fitch Ratings (Fitch), with a Stable Outlook. The rating affirmation takes into account ...

IM Insights | August 11, 2020

Sukuk Issuances in Malaysia Expected to Rise in the Second Half of 2020

Sukuk Issuances in Malaysia Expected to Rise in the Second Half of 2020

Based on industry feedback in the midst of the pandemic, the  Securities Commission Malaysia has stated tha...

IM Insights | August 11, 2020

Malaysia Needs to Support more SMEs in Order to Boost Its Economic Recovery: Minister

Malaysia Needs to Support more SMEs in Order to Boost Its Economic Recovery: Minister

Malaysia’s International Trade and Industry Minister, Datuk Seri Mohamed Azmin Ali, has stated that whilst Malaysia is on its way to a recovery amidst the COVID-19 pandemic, Small...

IM Insights | August 11, 2020

Bank of Uganda Urged to Resolve Delay in Establishing Islamic Banking: Finance Minister

Bank of Uganda Urged to Resolve Delay in Establishing Islamic Banking: Finance Minister

Acknowledging the technical, legal and personnel problems facing the Bank of Uganda (BoU), Matia Kasaija, the Ugandan Finance Minister has urged the relevant personnel within the BoU&nb...

IM Insights | August 10, 2020