UK: King & Spalding confirms support for IFN UK Forum 2024 as partner

QATAR: Dukhan Bank reports net profit of QAR423 million (US$115.13 million) for Q1 2024

UAE: Abu Dhabi Islamic Bank’s profit after Zakat and tax for Q1 2024 reaches AED1.45 billion (US$395.05 million)

UAE: Qardly launches Shariah compliant friends and family lending app

IRAN: Iranian government launches renewable energy certificates on Iran Energy Exchange

PAKISTAN: Securities and Exchange Commission of Pakistan and IFSB host workshop on Islamic capital markets

BAHRAIN: Bahrain Islamic Bank appoints Zaid Khalid Abdul Rahman as chairperson of board of directors

PAKISTAN: Pakistan Stock Exchange auctions government Sukuk with accepted competitive bids totaling PKR95.39 billion (US$341.79 million)

KUWAIT: Kuwait International Bank launches perpetual additional Tier 1 Sukuk worth US$300 million

INDONESIA: Indonesian government prints sovereign Shariah securities series worth IDR150 billion (US$9.26 million)

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM21.06 billion (US$4.4 million) in total

SAUDI ARABIA: Capital Market Authority of Saudi Arabia licenses Pinnacle Capital to conduct managing investments activity in the securities business

OMAN: Bank Nizwa to donate OMR100,000 (US$259,015) to support families affected by recent adverse climate conditions

UAE: Al Ansari Exchange receives Payment Card Industry Data Security Standard validation for 2024

GLOBAL: International Islamic Financial Market and Participation Banks Association of Turkiye release Turkish versions of six standards

MALAYSIA: Moody’s expects nonperforming ratio of Malaysian Islamic banks’ retail financing to continue edging up over next 12 to 18 months

UAE: Fadhel Al Ali leaves his position as SHUAA Capital’s chairman

SAUDI ARABIA: National Debt Management Center of Saudi Arabia closes April 2024 issuance with total amount allocated of SAR7.4 billion (US$1.97 billion),

MALAYSIA: Midciti Sukuk prints Islamic medium-term note worth RM455 million (US$95.19 million)

TURKIYE: Kuveyt Turk Katilim Bankasi sells Sukuk worth TRY500 million (US$15.36 million)

INDONESIA: Indonesian government raises IDR5.93 trillion (US$365.86 million) through additional sovereign Shariah securities auction

TURKIYE: Turkiye Real Estate Bank sells Islamic paper worth TRY300 million (US$9.21 million)

MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM14.64 billion (US$3.06 billion)

SAUDI ARABIA: Thimar Development Holding Company establishes Thimar Towers Development and Real Estate Investment Company

SAUDI ARABIA: Malaz Capital receives authorization to conduct activities in securities business

INDONESIA: Mitra Perkasa registers Sukuk worth IDR2 billion (US$123,451) on Indonesia Central Securities Depository

GLOBAL: Participation Banks Association of Turkiye and Bahrain Institute of Banking and Finance hold training program for banks

MALAYSIA: Wahed to launch crowdfunding platform in Malaysia in May 2024

GLOBAL: Millennial and Gen Z Muslims in Southeast Asia embrace Islamic banking, says study by Mambu

UK: Shariah compliant investment platform Mnaara launches in UK

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM17.21 billion (US$3.6 billion) in total

GAMBIA: Central Bank of The Gambia floats Sukuk Salam worth GMD50 million (US$735,295) in total

INDONESIA: Indonesian government raises IDR5.08 trillion (US$313.26 million) through auction of sovereign Shariah securities series

MALAYSIA: Sunway Treasury issues Islamic commercial paper worth RM25 million (US$5.23 million)

UAE: Sukoon Insurance appoints Mohamed Salah Abdel Hamid Abdel Razek as new board member

MALAYSIA: Securities Commission Malaysia holds Varsity Hackathon for university students

MALAYSIA: Principal Malaysia launches Principal Global Dynamic Income Fund

AUSTRALIA: Crescent Wealth rebrands to Salaam

SAUDI ARABIA: Nayifat appoints Fahad Ibrahim Al-Mufarrej as CEO

UAE: Abu Dhabi Islamic Bank to offer products on call and messaging app Botim

MALAYSIA: Fabulous Sunview obtains Islamic financing facility worth US$5 million from Export-Import Bank of Malaysia

TURKIYE: Turkiye Real Estate Bank launches Islamic paper worth TRY134 million (US$4.11 million)

MALAYSIA: Cagamas sells Islamic medium-term note worth RM200 million (US$41.81 million)

TURKIYE: Albaraka Turk Participation Bank prints Sukuk worth TRY750 million (US$23.03 million)

EGYPT: Bokra closes US$4.6 million pre-seed round; plans to launch in Q2 2024

UAE: Emirates REIT reports property income year-on-year growth of 10% to US$74 million; total assets reach US$1.04 billion

INDONESIA: Financial Services Authority of Indonesia issues regulation on determining supervision status and handling of issues in banks

SAUDI ARABIA: Allianz Saudi Fransi appoints four new board members

KUWAIT: Kuwait International Bank receives approval from Central Bank of Kuwait to issue additional Tier 1 Sukuk of up to US$300 million

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM14.25 billion (US$2.98 billion) in total