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
US: US District Judge Frederic Block sentences Halal Capital Founder Jebara Igbara to 84 months in prison for overlapping fraud schemes
UAE: Emirates Islamic records net profit of AED811 million (US$220.77 million) for Q1 2024
UAE: Dubai Islamic Bank records pre-tax net profit of AED1.85 billion (US$503.61 million) for Q1 2024
KUWAIT: Boubyan Bank’s net profit for Q1 2024 reaches KWD24.99 million (US$80.98 million)
MALAYSIA: Tabung Haji’s branch office relocates to Bandar Putra, Kulai, Johor
MALAYSIA: Malaysian Association of Asset Managers appoints Ismitz Matthew De Alwis as chairperson
SAUDI ARABIA: Rawabi Holding concludes Sukuk issuance worth SAR1.2 billion (US$319.74 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM18.52 billion (US$3.88 billion) in total
MALAYSIA: Capital Markets Malaysia seeks public feedback on sectoral guidance supplemental to Simplified ESG Disclosure Guide for SMEs
BANGLADESH: Bangladesh Bank receives bids amounting to BDT44.25 billion (US$398.96 million) for Islamic Banks Liquidity Facility
MALAYSIA: Sunway Treasury Sukuk sells Sukuk worth RM165 million (US$34.5 million) in total
UK: King & Spalding confirms support for IFN UK Forum 2024 as partner
QATAR: Dukhan Bank reports net profit of QAR423 million (US$115.13 million) for Q1 2024
UAE: Abu Dhabi Islamic Bank’s profit after Zakat and tax for Q1 2024 reaches AED1.45 billion (US$395.05 million)
UAE: Qardly launches Shariah compliant friends and family lending app
IRAN: Iranian government launches renewable energy certificates on Iran Energy Exchange
PAKISTAN: Securities and Exchange Commission of Pakistan and IFSB host workshop on Islamic capital markets
BAHRAIN: Bahrain Islamic Bank appoints Zaid Khalid Abdul Rahman as chairperson of board of directors
PAKISTAN: Pakistan Stock Exchange auctions government Sukuk with accepted competitive bids totaling PKR95.39 billion (US$341.79 million)
KUWAIT: Kuwait International Bank launches perpetual additional Tier 1 Sukuk worth US$300 million
INDONESIA: Indonesian government prints sovereign Shariah securities series worth IDR150 billion (US$9.26 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM21.06 billion (US$4.4 million) in total
SAUDI ARABIA: Capital Market Authority of Saudi Arabia licenses Pinnacle Capital to conduct managing investments activity in the securities business
OMAN: Bank Nizwa to donate OMR100,000 (US$259,015) to support families affected by recent adverse climate conditions
UAE: Al Ansari Exchange receives Payment Card Industry Data Security Standard validation for 2024
GLOBAL: International Islamic Financial Market and Participation Banks Association of Turkiye release Turkish versions of six standards
MALAYSIA: Moody’s expects nonperforming ratio of Malaysian Islamic banks’ retail financing to continue edging up over next 12 to 18 months
UAE: Fadhel Al Ali leaves his position as SHUAA Capital’s chairman
SAUDI ARABIA: National Debt Management Center of Saudi Arabia closes April 2024 issuance with total amount allocated of SAR7.4 billion (US$1.97 billion),
MALAYSIA: Midciti Sukuk prints Islamic medium-term note worth RM455 million (US$95.19 million)
TURKIYE: Kuveyt Turk Katilim Bankasi sells Sukuk worth TRY500 million (US$15.36 million)
INDONESIA: Indonesian government raises IDR5.93 trillion (US$365.86 million) through additional sovereign Shariah securities auction
TURKIYE: Turkiye Real Estate Bank sells Islamic paper worth TRY300 million (US$9.21 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM14.64 billion (US$3.06 billion)
SAUDI ARABIA: Thimar Development Holding Company establishes Thimar Towers Development and Real Estate Investment Company
SAUDI ARABIA: Malaz Capital receives authorization to conduct activities in securities business
INDONESIA: Mitra Perkasa registers Sukuk worth IDR2 billion (US$123,451) on Indonesia Central Securities Depository
GLOBAL: Participation Banks Association of Turkiye and Bahrain Institute of Banking and Finance hold training program for banks
MALAYSIA: Wahed to launch crowdfunding platform in Malaysia in May 2024
GLOBAL: Millennial and Gen Z Muslims in Southeast Asia embrace Islamic banking, says study by Mambu
UK: Shariah compliant investment platform Mnaara launches in UK
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM17.21 billion (US$3.6 billion) in total
GAMBIA: Central Bank of The Gambia floats Sukuk Salam worth GMD50 million (US$735,295) in total
INDONESIA: Indonesian government raises IDR5.08 trillion (US$313.26 million) through auction of sovereign Shariah securities series
The IFN Indonesia Report 2020 is an exploration of Islamic finance opportunities in the world’s largest Muslim nation. It features the proceedings of the IFN Indonesia OnAir Forum, with perspectives from industry leaders on whether the Islamic finance giant has already awakened.
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