UK: Wahed Invest introduces new Shariah compliant personal pension scheme

OMAN: Takaful Oman’s net profit for period ending 31st March 2024 drops to OMR178,717 (US$462,977)

OMAN: Bank Nizwa records net profit of OMR3.87 million (US$10.01 million) for period ending 31st March 2024

OMAN: Bank Muscat’s net interest income and Islamic financing income increases to OMR95.45 million (US$247.27 million) for Q1 2024

OMAN: Al Madina Takaful’s net profit for period ending on 31st March 2024 reaches OMR492,489 (US$1.28 million)

PAKISTAN: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR270 billion (US$969.52 million) offered and accepted

MALAYSIA: Permodalan Nasional appoints Abdul Rahman Ahmad as president and group CEO

UK: SC Ventures’s sustainable finance platform Shoal partners with Islamic fintech company Algbra

KUWAIT: Capital Markets Authority renews license of Shariah compliant Watani USD Money Market Fund

SAUDI ARABIA: Saudi Capital Market Authority grants license to Fisher Investments Arabia Company

MALAYSIA: Bank Negara Malaysia issues policy document on electronic know-your-customer

ETHIOPIA: IsDB Institute delivers Islamic banking capacity-building program for Ethiopian banking sector

TURKIYE: Albaraka Turk Participation Bank launches Sukuk worth TRY500 million (US$15.42 million)

SAUDI ARABIA: 2P Perfect Presentation renews Shariah compliant facility with Saudi Awwal Bank worth SAR80 million (US$21.32 million)

GLOBAL: IsDB Institute and Arab Monetary Fund hold third session of capacity-building program on AAOIFI accounting standards

TURKIYE: Turkiye government collects 10.79 kilograms of gold for lease certificates

PAKISTAN: Pakistan Stock Exchange lists government’s discounted Sukuk Ijarah with total realized amount of PKR19.7 billion (US$70.74 million)

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM15.86 billion (US$3.32 billion) in total

MALAYSIA: Sunway Treasury Sukuk issues two Islamic commercial papers worth RM60 million (US$12.57 million) in total

INDONESIA: Indonesian Ministry of Finance to raise IDR11 trillion (US$682.17 million) through Sukuk auction on 23^rd April 2024

MALAYSIA: Global Vision Logistics sells Islamic medium-term note worth RM50 million (US$10.48 million)

BANGLADESH: Bangladesh Bank accepts bids worth BDT19 billion (US$170.61 million) for Islamic Banks Liquidity Facility offerings

GLOBAL: Michael Krautzberger to leave BlackRock in June; Simon Blundell takes over as head of European fixed income investments, Citywire reports

MALAYSIA: Bank Negara Malaysia auctions Islamic papers; raises RM17.75 billion (US$3.72 billion)

KUWAIT: Kuwaiti regulator authorizes offering of Watani Investment Company’s second euro-denominated Islamic leasing fund

PAKISTAN: State Life Insurance Corporation of Pakistan records 122% increase in Takaful contributions in 2023, Pakistan & Gulf Economist reports

SOUTH AFRICA: University of the Western Cape begins offering Islamic studies for undergraduate students

MALAYSIA: Hong Leong Islamic Bank files suit against Sarawak Cable subsidiary for owed sum of RM78.3 million (US$16.48 million)

PAKISTAN: Central Directorate of National Savings of Pakistan records PKR50 billion (US$178.95 million) in Islamic bonds for Q2 of fiscal year 2023–24

AZERBAIJAN: Azerbaijan’s Economic Council discusses Islamic finance and banking implementation in meeting

PAKISTAN: Bank Alfalah appoints Arif Habib to manage offer to acquire 84.51% of Samba Bank shares

TANZANIA: Tanzania Commercial Bank intends to open Islamic banking window by end of 2024, Daily News reports

PAKISTAN: Pakistani government raises PKR22.87 billion (US$82.06 million) through Sukuk Ijarah auction on Pakistan Stock Exchange

GAMBIA: Gambia raises GMD20 million (US$294,118) through Sukuk Salam issuances

MALAYSIA: Bank Negara Malaysia prints Islamic facility worth RM18.98 billion (US$4 billion)

PAKISTAN: Pakistani regulator approves regulations facilitating Shariah compliant brokerage services; grants license to Islamic firm

KENYA: Hustler Fund initiative to be Shariah compliant, President William Ruto promises

BAHRAIN: Bahrain Islamic Bank partners with Manazel Real Estate to offer financing

GLOBAL: IFN welcomes new correspondent for education

KYRGYZSTAN: Bakai Bank’s Islamic unit launches digital banking app

BANGLADESH: City Bank may take over state-owned BASIC Bank, The Daily Star reports

BANGLADESH: National Housing Finance launches Islamic unit

PAKISTAN: Mughal Iron & Steel Industries to issue PKR3 billion (US$10.76 million) short-term Sukuk this month

KUWAIT: Kuwait International Bank obtains regulatory approval to issue additional Tier 1 capital Sukuk worth up to US$300 million

BAHRAIN: Central Bank of Bahrain receives subscriptions worth BHD43 million (US$113.08 million) for Sukuk Salam

MALAYSIA: Bank Negara Malaysia sells Islamic papers totaling RM17.63 billion (US$3.71 billion)

PAKISTAN: Al Karam Textile Mills plans PKR4 billion (US$14.35 million) Sukuk to support new spinning plant

OMAN: Said Al Shahry & Partners confirms support for IFN Oman Forum 2024 as partner

UAE: Mohammed Bin Rashid Housing Establishment and Dubai Islamic Bank sign MoU worth AED10 million (US$2.72 million) for community initiatives

GLOBAL: First Abu Dhabi Bank eyes Turkish bank acquisition, Bloomberg reports