NEWS in BRIEF

Malaysia’s Mortgage Securitiser Cagamas Closes Final Sukuk Issuance for 2020 Bringing Total Combined Issuances for the Year to RM11.7bnKuala Lumpur – Cagamas Berhad, the National Mortgage Corporation of Malaysia, one…

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Saudi NDMC Completes Record SAR85bn (US$22.64bn) Domestic Sukuk Issuance Programme in 2020

The National Debt Management Centre (NDMC) of the Saudi Ministry of Finance (MoF) completed its domestic sovereign Sukuk issuance programme for 2020 in December.In an unusual statement, the MoF confirmed…

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ITFC Launches Standalone LC Confirmation Facility to Support Private Sector and SMEs to Boost Intra-Islamic Trade as Egypt Signs US$1.1bn Trade Finance Programme with Corporation

The International Islamic Trade Finance Corporation (ITFC), the trade fund of the Islamic Development Bank (IsDB) Group, continues to consolidate its financing activities in Africa and with the private sector…

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Saudi Central Bank Introduces Two Documents Aimed at Regulating Crowdfunding Platforms and Activity in the Kingdom

The Saudi Central Bank (SAMA) introduced two official documents in December 2020 aimed at regulating Crowdfunding platforms and activity in the Kingdom. The documents include Rules for Engaging in Debt-Based…

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Bank Negara Malaysia Pioneers Comprehensive and Robust Licensing Framework for Islamic Digital Banks

Malaysia inched forward to licensing the first digital banks (DGs) in the Islamic Development Bank (IsDB) member countries, when Bank Negara Malaysia (BNM) issued a Policy Document on Licensing Framework…

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Bank of England Rolls Out Alternative Liquidity Facility for Islamic Banks after Long and Comprehensive Process of Consultation and Development

The supervision and regulation of Islamic financial institutions (IFIs), especially in non-traditional markets, took a major step forward as the Bank of England rolls out its pioneering Alternative Liquidity Facility…

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