IFN - AL BARAKA BANK (PAKISTAN)

SAUDI ARABIA: Nayifat appoints Fahad Ibrahim Al-Mufarrej as CEO

UAE: Abu Dhabi Islamic Bank to offer products on call and messaging app Botim

MALAYSIA: Fabulous Sunview obtains Islamic financing facility worth US$5 million from Export-Import Bank of Malaysia

TURKIYE: Turkiye Real Estate Bank launches Islamic paper worth TRY134 million (US$4.11 million)

MALAYSIA: Cagamas sells Islamic medium-term note worth RM200 million (US$41.81 million)

TURKIYE: Albaraka Turk Participation Bank prints Sukuk worth TRY750 million (US$23.03 million)

EGYPT: Bokra closes US$4.6 million pre-seed round; plans to launch in Q2 2024

UAE: Emirates REIT reports property income year-on-year growth of 10% to US$74 million; total assets reach US$1.04 billion

INDONESIA: Financial Services Authority of Indonesia issues regulation on determining supervision status and handling of issues in banks

SAUDI ARABIA: Allianz Saudi Fransi appoints four new board members

KUWAIT: Kuwait International Bank receives approval from Central Bank of Kuwait to issue additional Tier 1 Sukuk of up to US$300 million

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM14.25 billion (US$2.98 billion) in total

GLOBAL: Fasset partners with Malaysia Building Society to offer digital asset investments to customers in Malaysia

SAUDI ARABIA: Capital Market Authority of Saudi Arabia grants Financial Technology Experimental Permit to FinTech Thuluthain Company

SAUDI ARABIA: Amlak International renews financing facility with Saudi Investment Bank worth SAR864.5 million (US$230.31 million)

MALAYSIA: AEON Bank to start operations by end of Q2 2024, Bernama reports

BAHRAIN: Abdulhakeem Alkhayyat resigns from post as managing director and CEO of Kuwait Finance House Bahrain

INDONESIA:Takaful Keluarga appoints Yurivanno Gani as CEO

GLOBAL: GFH Partners welcomes Nabeel Kanoo as new board member

SAUDI ARABIA: Saudi National Debt Management Center opens third subscription round of Sah savings product with 5.59% return rate

UK: Wahed to launch real estate crowdfunding investment solution

SAUDI ARABIA: Emkan Alarabiya launches Sukuk product with return rate of up to 18%, Argaam reports

PAKISTAN: Mughal Iron & Steel Industries raises PKR3 billion (US$10.74 million) through privately-placed Sukuk

MALAYSIA: Cagamas prints Islamic paper worth RM230 million (US$48.01 million)

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM15.45 billion (US$3.23 billion) in total

MALAYSIA: AEON Credit Service Malaysia launches Sukuk worth RM300 million (US$62.62 million)

SAUDI ARABIA: 18^thIsDB Global Forum on Islamic Finance to be held on 28^th April 2024

PAKISTAN: Pakistan Stock Exchange to hold auctions of government’s Sukuk Ijarah from 8^th April 2024 to 20^th June 2024

AUSTRALIA: Hejaz Group partners with mortgage and finance broking aggregator LMG, Mortgage Professional Australia reports

GLOBAL: Seedflex Technologies launches Shariah compliant digital financing solution in Malaysia, Fintech News Malaysia reports

US: The Children’s Place secures US$90 million Shariah compliant financing facility from Saudi firm Mithaq Capital

UAE: Emirates Islamic concludes debut US$500 million syndicated financing facility

GLOBAL: Prof Mehmet Asutay wins first place for 2024 Islamic Development Bank Prize for Impactful Achievement in Islamic Economics

PHILIPPINES: Maybank Philippines and unnamed foreign company to establish Islamic banking operations in Philippines

MALAYSIA: OCK Group proposes Islamic commercial papers program worth RM500 million (US$104.33 million)

MALAYSIA: Bursa Carbon Exchange to host inaugural renewable energy certificates auction on 25^th June 2024

UAE: Abu Dhabi Islamic Bank denies interest in acquiring stake in Bank Syariah Indonesia

MALAYSIA: Bank Negara Malaysia prints Islamic facilities worth RM16.89 billion (US$3.52 billion) in total

MALAYSIA: Genting Plantations’s funding conduit registers RM2 billion (US$417.33 million) Sukuk program with Securities Commission Malaysia

QATAR: Qatar Islamic Bank records net profit of QAR955.14 million (US$261.63 million) for Q1 2024

MALAYSIA: Public Sector Home Financing Board prints Sukuk worth RM3.25 billion (US$677.78 million) in total

INDONESIA: Adira Finance to publicly offer Sukuk Mudarabah worth IDR400 billion (US$24.61 million), Bisnis.com reports

GLOBAL: Indonesia’s Badan Pengelola Keuangan Haji confirms support for IFN Investor Middle East Forum 2024

TURKIYE: Kuveyt Turk Katilim Bankasi auctions two Islamic papers worth TRY660 million (US$20.29 million) in total

SAUDI ARABIA: National Building and Marketing Company renews Shariah compliant financing worth SAR85 million (US$22.64 million)

MALAYSIA: Setia Alamsari launches Islamic paper worth RM12 million (US$2.5 million)

MALAYSIA: Qiradh Capital issues two Islamic medium-term notes worth RM37 million (US$7.72 million) in total

SAUDI ARABIA: Capital Market Authority of Saudi Arabia approves SEDCO Capital Multi Asset Traded Fund offering

UZBEKISTAN: IsDB provides financial support for Uzbekistan’s Integrated Rural Development Project Phase II worth US$293.5 million

SAUDI ARABIA: IsDB Group to hold Private Sector Forum 2024 in Riyadh from 28^th to 30^th April 2024

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