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 23rd 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)
IRAQ: Capital Intelligence suspends credit ratings of Al Janoob Islamic Bank due to lack of up-to-date financial data
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
TAJIKISTAN: Alif Bank begins offering Mastercard cards
BANGLADESH: AB Bank launches Islamic banking service
SAUDI ARABIA: Saudi Electricity Company fully redeems US$1.5 billion Sukuk due 8th April 2024
MALAYSIA: Malaysia Co-Investment Fund introduces two new incentives to support MSMEs in the agriculture and bio-economy sectors
Pakistan: State Bank of Pakistan’s Shariah compliant liquidity injection sees PKR250 billion (US$898.55 million) offered and accepted
INDONESIA: Indonesia Stock Exchange lists Indah Kiat’s Sukuk worth IDR423.86 billion (US$26.67 million) in total
BAHRAIN: GFH Financial Group to continue discussions regarding acquisition of Ithmaar Holding’s financing and investment portfolios
GLOBAL: Iranian Association of Islamic Finance signs MoU with Indonesian Association of Islamic Economists to hold educational programs
QATAR: Qatar Central Bank auctions treasury bills and Sukuk with bids amounting to QAR1.9 billion (US$521.69 million).
GLOBAL: ShariaPortfolio Group of Companies surpasses US$1 billion in assets under management
MALAYSIA: Farm Price Holdings signs agreement with Alliance Islamic Bank in preparation for IPO listing, The Edge Malaysia reports
BANGLADESH: Bangladesh Bank receives bids amounting to BDT6.14 billion (US$55.45 million) for Islamic Banks Liquidity Facility
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM27.4 billion (US$5.77 billion) in total
UGANDA: Stanbic Uganda Holdings to launch Islamic financing products, NewVision reports
MALAYSIA: KLCC Property Holdings issues Islamic facilities worth RM1.95 billion (US$411.19 million) in total
SAUDI ARABIA: Saudi Central Bank grants license to Funding Souq to provide debt-based crowdfunding services
UK: Al Rayan Bank exceeds GBP1 billion (US$1.26 billion) in commercial property finance assets