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GLOBAL: Lives & Livelihoods Fund receives funding from King Salman Humanitarian Aid and Relief Centre
KUWAIT: KFH Capital receives private marketing license to market 250,000 units of US KFH Capital Real Estate Fund 6
QATAR: Alkhaleej Takaful Insurance’s net profit of Q1 2024 reaches QAR27.03 million (US$7.35 million)
BANGLADESH: Bangladesh Bank receives bids amounting to BDT10.67 billion (US$95.96 million) for Islamic Banks Liquidity Facilities
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM22.26 billion (US$4.67 billion) in total
QATAR: Qatar Central Bank admits PayLater into regulatory sandbox
KUWAIT: Kuwait International Bank’s US$300 million perpetual Sukuk oversubscribed two times
UK: Shariah compliant payment app Musc-Pay to launch in UK in coming weeks, Hyphen reports
MALAYSIA: Kuantan Port sells Islamic medium-term note worth RM100 million (US$20.96 million)
LIBYA: Ministry of Finance of Libya and IsDB Group to establish development fund ‘Tamkeen’, The Libya Observer reports
GLOBAL: IsDB Group Business Forum partners with World Association of Investment Promotion Agencies to promote investment opportunities
GLOBAL: International Islamic Trade Finance Corporation signs strategic agreements and gives awards to partners during Private Sector Forum 2024
PAKISTAN: TPL REIT Management Company to launch IPO of TPL REIT Fund I on 2^nd and 3^rd May 2024
SENEGAL: IFN announces new correspondent for Senegal
SAUDI ARABIA: IsDB Group’s private sector institutions hold 12^th edition of Private Sector Forum
GLOBAL: IsDB Institute issues new book and annual report for 2023
GLOBAL: International Capital Market Association, IsDB and London Stock Exchange Group release guidance on sustainable Sukuk
MALAYSIA: Sunway Treasury issues Islamic paper worth RM50 million (US$10.48 million)
QATAR: QIIB records net profit of QAR335.19 million (US$91.07 million) for Q1 2024
SAUDI ARABIA: IsDB concludes 18^th Global Islamic Finance Forum
GLOBAL: ITFC and Saudi EXIM Bank sign agreement for line of financing of US$25 million to Banque du Caire
GLOBAL: Islamic Corporation for the Development of the Private Sector signs 11 agreements with stakeholders
GLOBAL: Islamic Corporation for the Development of the Private Sector concludes annual meeting side events
KUWAIT: Boubyan Capital receives authorization to market shares of ninth Islamic leasing and finance fund in US Dollars
INDONESIA: Menara Soekarno Hatta registers Sukuk worth IDR1.5 billion (US$92,330.8)
MALAYSIA: Sabah Credit Corporation prints Sukuk worth RM100 million (US$20.95 million)
INDONESIA: Pandu Biosains floats Islamic paper worth IDR4.16 billion (US$256,169)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities valued at KWD200 million (US$647.73 million)
BAHRAIN: Central Bank of Bahrain’s monthly Sukuk Ijarah issue receives BHD67.14 million (US$176.99 million) in subscriptions
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM17.56 billion (US$3.68 billion)
MALAYSIA: APM Automotive Holdings launches Islamic papers worth RM200 million (US$41.9 million) in total
INDONESIA: Cam Property Sejahtera lodges Sukuk worth IDR504.5 million (US$31,053.9) on Indonesia Central Securities Depository
KUWAIT: Kuwait Finance House reports net profit for shareholders of KWD162.8 million (US$527.12 million) for Q1 2024
SAUDI ARABIA: Nama Chemicals Company secures Shariah compliant financing worth up to US$45 million with AIS Company
SAUDI ARABIA: Middle East Specialized Cables secures Shariah compliant credit facilities worth SAR100 million (US$26.65 million)
UAE: Emirates Islamic launches fractional Sukuk product for customers
PAKISTAN: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR339.9 billion (US$1.22 billion) offered and accepted
BANGLADESH:Bangladesh Bank receives bid amounting to BDT2 billion (US$18.02million) for Islamic Banks Liquidity Facility
MAURITANIA: IsDB Institute signs Islamic finance technical assistance agreement with Central Bank of Mauritania
KUWAIT: Warba Bank appoints Dr Issa Jassim Al Qassar as executive manager of Shariah Development Studies and Research Unit
UAE: SHUAA Capital appoints Badr Al Olama as chairman of board of directors
MALAYSIA: SkyWorld Capital sells Islamic commercial paper worth RM50 million (US$10.48 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM15.27 billion (US$3.2 billion) in total
SAUDI ARABIA: KASB Capital Group changes name to Value Capital Company
UK: Nomo Bank’s mortgage products are live on Iress’s broker software Xplan Mortgage and Trigold
BAHRAIN: Khalid Yousif Abdulrahman retires as board member of Bahrain Islamic Bank
MALAYSIA: YNH Property says technical default involving Sukuk program remedied, EdgeProp reports
MALAYSIA: Sunway Healthcare Treasury prints Islamic medium-term notes worth RM400 million (US$83.85 million) in total
MALAYSIA: Gabungan AQRS sells Islamic commercial paper worth RM5 million (US$1.05 million)
BANGLADESH: Bangladesh Bank’s Bangladesh Government Islami Investment Bonds auction receives total bids of BDT5.85 billion (US$52.75 million) in total

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GETB to offer new products

Takaful
Islamic Finance news
26/07/2016
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MALAYSIA: Great Eastern Takaful (GETB) will be launching six new products: three bancaTakaful products and three under agency distribution channels, the Takaful operator confirmed to IFN.

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