PAKISTAN: MCB Bank receives in-principle approval to conduct due diligence on Silkbank
UAE: Abu Dhabi National Energy Company and partners announce financial closing of AED2.3 billion (US$626.09 million) low-carbon desalination project
SAUDI ARABIA: SHL Finance Company to distribute cash dividend worth a total of SAR50 million (US$13.32 million) for 2022
UAE: National Bonds Corporation partners with Etihad Energy Services Company to implement sustainable green transformation for seven buildings
GLOBAL: IFSB disseminates Prudential and Structural Islamic Financial Indicators data from Q4 2013 to Q4 2022
UAE: Shahab Lutfi Harmoozi resigns from his position in Dar Al Takaful’s board of directors
MALAYSIA: Tomei Gold & Jewellery Holdings issues Islamic medium-term notes worth RM42 million (US$9.09 million) in total
MALDIVES: EyeCare Maldives to issue Sukuk with First National Finance Corporation as lead manager, Corporate Maldives reports
INDONESIA: Indonesian Waqf Board signs MoU with Padjajaran University to manage IDR50 billion (US$3.33 million)-worth of education endowment funds in cash Waqf Sukuk
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM24.4 billion (US$5.28 billion)
SAUDI ARABIA: Bank Aljazira to establish riyal-denominated Tier 1 Sukuk issuance program of up to SAR5 billion (US$1.33 billion)
BAHRAIN: GFH Financial Group signs strategic partnership with Future Investment Initiative Institute to engage in strategic activities in key areas
IRAQ: Moody’s assigns first-time ratings of ‘Caa2/NP’ to National Islamic Bank
MALAYSIA: MARC Ratings affirms ‘AA-IS’ rating on Konsortium KAJV’s RM1 billion (US$216.55 million) Sukuk Wakalah program
SAUDI ARABIA: Saudi Central Bank grants permits to three fintech firms to test open banking solutions in regulatory sandbox
UAE: Central Bank of the UAE issues new guidance on anti-money laundering and combating financing of terrorism for licensed financial institutions
MALAYSIA: Bank Negara Malaysia issues updated policy document on risk management in technology
SAUDI ARABIA: Saudi Top Trading Company secures Murabahah financing facility worth SAR10 million (US$2.66 million) from Saudi Export-Import Bank
SAUDI ARABIA: Saudi Central Bank grants Buy Now Pay Later permits to fintech firms Spotii and Madfu
GLOBAL: AAOIFI’s Accounting Board approves in principle exposure draft of financial accounting standard for institutions in hyperinflationary economies
SAUDI ARABIA: First Milling Company to raise up to SAR999 million (US$266.13 million) from upcoming IPO
SAUDI ARABIA: Fitch assigns Banque Saudi Fransi’s trust certificate issuance program with ‘A-/F2’ senior unsecured ratings
MALAYSIA: Sunway Healthcare Treasury issues Islamic medium-term note worth RM1 million (US$217,036) with one-year tenor
INDONESIA: State-owned Pegadaian to raise IDR2 trillion (US$133.49 million) through Sukuk and obligation issuances, local media report
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM22.74 billion (US$4.94 billion) in total
SAUDI ARABIA: Saudi Real Estate Refinance Company completes Sukuk issuance worth SAR3.5 billion (US$932.4 million)
SAUDI ARABIA: Gulf International Bank signs SAR1.07 billion (US$285.05 million) credit facility agreement with oil and gas contractor SAIPEM
OMAN: Asyad Group partners with crowdfunding platform Mamun to introduce supply chain financing solutions
KYRGYZSTAN: Intercascade Trade and Finance lodges Sukuk Mudarabah worth KGS750 million (US$8.56 million)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities worth KWD240 million (US$778.5 million)
GAMBIA: Central Bank of The Gambia’s three-month, six-month and one-year Sukuk Salam facilities undersubscribed
INDONESIA: Investment platform Stockbit and Fullerton Fund jointly acquire Ayers Asia Asset Management
OMAN: Boards of directors of HSBC Bank Oman and Sohar International Bank approve terms of merger
MALAYSIA: Public Islamic Bank receives affirmed ‘AAA’ ratings from RAM
MALAYSIA: Serba Dinamik defaults on payment for term equity and financing facilities provided by Public Islamic Bank
MALAYSIA: RAM affirms ‘AA3/Stable’ rating on Solar Management (Seremban)’s RM260 million (US$56.42 million) ASEAN Green SRI Sukuk (2020/2038)
KUWAIT: Kuwait International Bank opens subscription to increase capital by offering shares worth KWD60 million (US$194.58 million)
UK: Al Rayan Bank to relocate headquarters to West End, London
SAUDI ARABIA: MEFIC CAPITAL appoints Bader Ibrahim Al Swailem and Khalid Hussain Al Gahtani as new independent members of MEFIC REIT board
US: SP Funds SPSK ETF surpasses US$100 million in assets under management
SAUDI ARABIA: Advanced Petrochemical Company obtains SAR2.2 billion (US$586.17 million) Shariah compliant credit facility from Alawwal Bank
MALAYSIA: SME Bank Malaysia issues Islamic medium-term note worth RM1 billion (US$217.01 million)
IRAN: Karun Airlines to issue Sukuk Murabahah worth IRR10 trillion (US$234.74 million), reports ch-aviation
MALAYSIA: Digi Telecommunications issues Islamic medium-term note worth RM1 billion (US$217.1 million) with seven-year tenor
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM22.3 billion (US$4.84 billion) in total
UAE: Dar Al Takaful’s board of directors to pass resolution by circulation to consider resignation of Shahab Lutfi Harmoozi
MALAYSIA: Funding Societies launches suite of Islamic financing solutions
MALAYSIA: Ministry of Finance launches Sustainable Investing Standards
UAE: Central Bank of the UAE issues initial approval to transfer individual life insurance of Dubai Islamic Insurance & Reinsurance Company to Abu Dhabi National Takaful Company
PAKISTAN: Salaam Takaful partners with online store Daraz to insure its delivery workers
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