GLOBAL: Vikram Pandit has resigned from his position as CEO of Citigroup and will be replaced by Michael Corbat, previously CEO of Citi Holdings.
John Havens, the president and chief operating officer of Citigroup, has also resigned.
QATAR: Qatar Central Bank admits PayLater into regulatory sandbox
KUWAIT: Kuwait International Bank’s US$300 million perpetual Sukuk oversubscribed two times
UK: Shariah compliant payment app Musc-Pay to launch in UK in coming weeks, Hyphen reports
MALAYSIA: Kuantan Port sells Islamic medium-term note worth RM100 million (US$20.96 million)
LIBYA: Ministry of Finance of Libya and IsDB Group to establish development fund ‘Tamkeen’, The Libya Observer reports
GLOBAL: IsDB Group Business Forum partners with World Association of Investment Promotion Agencies to promote investment opportunities
GLOBAL: International Islamic Trade Finance Corporation signs strategic agreements and gives awards to partners during Private Sector Forum 2024
PAKISTAN: TPL REIT Management Company to launch IPO of TPL REIT Fund I on 2nd and 3rd May 2024
SENEGAL: IFN announces new correspondent for Senegal
SAUDI ARABIA: IsDB Group’s private sector institutions hold 12th edition of Private Sector Forum
GLOBAL: IsDB Institute issues new book and annual report for 2023
GLOBAL: International Capital Market Association, IsDB and London Stock Exchange Group release guidance on sustainable Sukuk
MALAYSIA: Sunway Treasury issues Islamic paper worth RM50 million (US$10.48 million)
QATAR: QIIB records net profit of QAR335.19 million (US$91.07 million) for Q1 2024
SAUDI ARABIA: IsDB concludes 18th Global Islamic Finance Forum
GLOBAL: ITFC and Saudi EXIM Bank sign agreement for line of financing of US$25 million to Banque du Caire
GLOBAL: Islamic Corporation for the Development of the Private Sector signs 11 agreements with stakeholders
GLOBAL: Islamic Corporation for the Development of the Private Sector concludes annual meeting side events
KUWAIT: Boubyan Capital receives authorization to market shares of ninth Islamic leasing and finance fund in US Dollars
INDONESIA: Menara Soekarno Hatta registers Sukuk worth IDR1.5 billion (US$92,330.8)
MALAYSIA: Sabah Credit Corporation prints Sukuk worth RM100 million (US$20.95 million)
INDONESIA: Pandu Biosains floats Islamic paper worth IDR4.16 billion (US$256,169)
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq facilities valued at KWD200 million (US$647.73 million)
BAHRAIN: Central Bank of Bahrain’s monthly Sukuk Ijarah issue receives BHD67.14 million (US$176.99 million) in subscriptions
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM17.56 billion (US$3.68 billion)
MALAYSIA: APM Automotive Holdings launches Islamic papers worth RM200 million (US$41.9 million) in total
INDONESIA: Cam Property Sejahtera lodges Sukuk worth IDR504.5 million (US$31,053.9) on Indonesia Central Securities Depository
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