IFN Service Providers Poll Confirmation
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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
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