IFN - MEFIC REIT

QATAR: Masraf Al Rayan signs MoU with KARTY to develop fintech solutions

YEMEN: IsDB Institute completes training program on Sukuk for Liquidity Management for Central Bank of Yemen

GLOBAL: Sukuk ratings do not confirm Shariah compliance of instruments, Fitch Ratings clarifies

UAE: Abu Dhabi National Takaful Company partners with Al Maryah Community Bank to provide online Takaful plans for latter’s customers

INDONESIA: Kinesis Monetary Indonesia secures Gold Depository Management Approval from Ministry of Trade, Netral News reports

PAKISTAN: Imtiaz Ali resigns as company secretary of Saudi Pak Leasing Company

PAKISTAN: Lucky Electric Power Company to issue six-month Sukuk facility worth PKR6 billion (US$20.9 million) in June 2023

SAUDI ARABIA: Arabian Shield Cooperative Insurance Company receives Shariah compliance certification from Shariyah Review Bureau

TUNISIA: IsDB supports Tunisia Sanitation Public–Private Partnership Support project as development partner

UK: Shariah compliant digital bank Nomo appoints Simon Bateman as CEO

AUSTRALIA: National Australia Bank appoints Dr Imran Lum as head of Islamic finance

INDONESIA: Indonesian government to issue sovereign Sukuk as part of fund placement for Taxpayer’s Voluntary Disclosure Program on 15th June 2023

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.92 billion (US$7.13 billion) in total

SAUDI ARABIA: Capital Market Authority approves public offering of Health Associations Endowment Fund

TURKIYE: Agritech company Tarfin to issue Sukuk worth TRY70 million (US$3.05 million)

INDONESIA: Ananta Bangun Graha registers Sukuk worth IDR1.1 billion (US$73,933.9) on Indonesia Central Securities Depository

GLOBAL: CIMB Islamic confirms support as partner for IFN events in 2023

UK: BLOMINVEST BANK and partners launch Shariah compliant SAED Green UK Fund worth GBP300 million (US$373.13 million)

BANGLADESH: Pubali Bank re-elects Monzurur Rahman as chairman of board of directors

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM37 billion (US$8.04 billion) in total

BANGLADESH: Five banks secure Bangladesh Bank’s Islamic Banks Liquidity Facility

UAE: GFH Financial Group increases total holding of own treasury shares to 9.77% of total issued shares

MALAYSIA: Bursa Malaysia RAM Capital receives approval-in-principle from Securities Commission Malaysia to manage and operate debt fundraising platform

UK: Shariah compliant bridge property finance provider Offa appoints head of operations and head of compliance

PAKISTAN: Meezan Bank partners with Fauree to develop Islamic supply chain financing platform

MALAYSIA: Pengurusan Air SPV issues Islamic medium-term notes worth RM1.81 billion (US$393.04 million) in total

INDONESIA: Indonesian government’s auction of Islamic papers receives total bids of IDR60.04 trillion (US$4.04 billion)

SAUDI ARABIA: Capital Market Authority approves Al-Rajhi Company for Cooperative Insurance’s capital increase

OMAN: Central Bank of Oman allows new activities for finance and leasing companies and relaxes conditions for existing activities

UAE: Dubai Islamic Bank partners with IBM Consulting to accelerate data transformation journey

UAE: Aafaq Islamic Finance partners with Mastercard for credit, prepaid and commercial SME offerings

GLOBAL: IsDB Group and subsidiaries renew long-standing partnership with IFN as multilateral strategic partner for 2023

SAUDI ARABIA: Zahrat Al-Waha Trading Company renews Islamic financing and banking services agreement with Saudi National Bank worth SAR60 million (US$15.99 million)

UAE: Central Bank of the UAE meets with CEOs of UAE banks to discuss future initiatives for banking sector with focus on advancing green finance

MALAYSIA: Hong Leong Islamic Bank appoints Dafinah Ahmed Hilmi as CEO

GAMBIA: Central Bank of The Gambia completes auction of three-month, six-month and one-year Sukuk Salam facilities

BAHRAIN: Central Bank of Bahrain’s BHD26 million (US$68.54 million) Sukuk Ijarah oversubscribed

MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.8 billion (US$7.12 billion) in total

PAKISTAN: Securities and Exchange Commission of Pakistan grants no-objection certificates to four voluntary pension fund schemes

MALAYSIA: Securities Commission Malaysia and Bursa Malaysia roll out new mandatory onboarding program on sustainability for directors

SAUDI ARABIA: Capital Market Authority approves public offer of Eastern Region Associations Endowment Fund by Al Rajhi Capital

KUWAIT: Capital Market Authority approves Kuwait Projects Company’s international Sukuk program with value not exceeding US$2 billion

BANGLADESH: Bangladesh Bank holds auction for government Sukuk

UAE: Dubai International Financial Centre partners with Dubai Islamic Bank for AccelerateHER program to empower women financial services professionals

SAUDI ARABIA: Ejada Capital Company secures license to conduct managing investments and operating funds and arranging activities in securities business

SAUDI ARABIA: Al Rajhi REIT Fund completes cash subscription process to increase total value of fund’s assets

BAHRAIN: Fitch affirms GFH Financial Group at ‘B’ with stable outlook

UK: Islamic Finance Advisory certifies online Islamic inheritance planning platform Waseeya as Shariah compliant

OMAN: Bank Nizwa appoints Azzan Al Saleh as new assistant general manager of SME division

INDONESIA: Indonesian government aims to raise IDR9 trillion (US$604.99 million) through auction of six Sukuk series today

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