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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 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)
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