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

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

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

GLOBAL: Fitch Ratings expects global Sukuk growth for the rest of 2024

GLOBAL: Codebase Technologies launches Digibanc SME Financing platform

SAUDI ARABIA: NEOM mulls riyal-denominated Sukuk worth up to SAR5 billion (US$1.33 billion), Bloomberg reports

MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM13.57 billion (US$2.83 billion)

SAUDI ARABIA: Saudi Capital Market Authority grants approval to Jana Financial Company to carry out a fintech experiment

EGYPT: Faisal Islamic Bank of Egypt’s net profit after tax for Q1 2024 reaches EGP6 billion (US$123.78 million)

SAUDI ARABIA: Ladun Investment Company’s board of directors grants approval to sign credit facility agreement worth SAR573 million (US$152.65 million)

PAKISTAN: Dubai Islamic Bank, ARY Services and MAK Global Consulting sign MoU to launch RAAST P2M services in Pakistan

BANGLADESH: Bangladesh Bank receives bid amounting to BDT4.97 billion (US$44.73 million) for Islamic Banks Liquidity Facility

KAZAKHSTAN: IFN announces new correspondent for Kazakhstan

TURKIYE: Turkish government issues fixed rent rate lease certificate worth TRY5.68 billion (US$174.98 million)

QATAR: Qatar Central Bank auctions treasury bills and Sukuk with bids amounting to QAR13.95 billion (US$3.77 billion)

KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities valued at KWD240 million (US$776.98 million)

GAMBIA: Central Bank of The Gambia auctions Sukuk Salam worth GMD62.98 million (US$926,178) in total

MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM14.43 billion (US$3.01 billion)

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)