PAKISTAN: VIS assigns final rating of ‘A-1+’ to K-Electric’s PKR5 billion (US$17.61 million) short-term Sukuk
MALAYSIA: RAM assigns ‘AA1/Stable’ rating to UOB Malaysia’s proposed Islamic medium-term notes
SAUDI ARABIA: Moody’s assigns ‘(P)A1’ rating to Saudi Electricity Company’s Sukuk program
GLOBAL: Saudi EXIM Bank signs new credit line agreement with Iraqi Islamic Bank for Investment and Development worth SAR75 million (US$19.97 million)
MALAYSIA: Bank Negara Malaysia standardizes housing loan and home financing agreement for retail borrowers
UK: Neill Gibson retires as partner at Trowers & Hamlins
MALAYSIA: WCT Holdings issues Sukuk Murabahah worth RM100 million (US$22.6 million) with one-year tenor
SAUDI ARABIA: Al Kathiri Holding Co concludes Series 1 offering of Sukuk issuance program
MALAYSIA: Public transportation company Perak Transit issues Sukuk Murabahah worth RM250 million (US$56.5 million)
MALAYSIA: Waste management company Cenviro issues Islamic medium-term note worth RM22 million (US$4.97 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM32.25 billion (US$7.29 billion) in total
MALAYSIA: BGRB Venture issues Islamic medium-term note worth RM4 million (US$903,940) with one-year tenor
GLOBAL: IFSB issues Exposure Draft of the Conduct of Business Supervision in Takaful Undertakings for 60-day public consultation period
SAUDI ARABIA: Aljazira Takaful Taawuni Co to increase capital by 20% to SAR660 million (US$175.75 million) through granting bonus shares
SAUDI ARABIA: Saudi AZM for Communication and Information Technology Co signs non-binding MoU to fully acquire AZM FinTech
BAHRAIN: Central Bank of Bahrain issues regulatory amendments to include digital token offerings in framework for regulated crypto-asset activities
GLOBAL: IFSB celebrates 20th anniversary, growing from nine to 187 members around the world across 57 jurisdictions
SAUDI ARABIA: Al Rajhi Bank completes US$1 billion senior unsecured sustainable Sukuk offering; settlement on the 5th April 2023
GLOBAL: IsDB’s trade finance arm signs agreements worth US$725,000 with Egypt and Palestine to support agro-food and handicraft sectors
EGYPT: Egyptian Exchange and Financial Regulatory Authority confirm imminent launch of sustainable Sukuk and Islamic index
MALAYSIA: Gobi Partners onboards senior care service provider into Gobi Dana Impak Ventures fund
UAE: Ahmad Mohammad Khaleel Alseksek resigns as independent non-executive member of Takaful Emarat Insurance’s board of directors
MALAYSIA: Cagamas concludes issuance of Islamic and conventional facilities worth RM1.4 billion (US$317 million) in total
BANGLADESH: Shariah compliant wealth management platform Wholesum records consistent returns of more than 10%
MALAYSIA: YTL Power International issues Islamic facilities worth RM215 million (US$48.69 million) in total
SAUDI ARABIA: Rawabi Holding upsizes Sukuk issuance to SAR875 million (US$233.01 million)
MALAYSIA: Bank Negara Malaysia issues Islamic facility worth RM26.84 billion (US$6.08 billion)
UAE: IFN welcomes new correspondent for UAE
GLOBAL: International Islamic Liquidity Management Corporation to auction US$740 million Sukuk facility in three tranches
SAUDI ARABIA: Al Rajhi Bank commences offering period of US dollar-denominated sustainable Sukuk
MALAYSIA: PETRONAS Dagangan proposes establishment of Sukuk Wakalah programs with combined limit of up to RM10 billion (US$2.26 billion)
UK: UK government launches Islamic finance working group
INDONESIA: Islamic digital bank Hijra Bank partners with mortgage solution provider IDEAL Indonesia to launch HijraHome
UAE: SALAMA to reduce capital by 22.35% for the purpose of writing off accumulated losses amounting to AED270.41 million (US$73.58 million)
SAUDI ARABIA: Gulf Union Al Ahlia announces firm intention to make an offer to Al Sagr’s shareholders to proceed with merger
TUNISIA: Banque Zitouna renews term of Nabil El Madani as CEO for another three years
YEMEN: Al Busairi Bank for Microfinance adopts ICS BANKS Islamic Banking solution from ICS Financial Systems
MALAYSIA: Swift Haulage invests RM19.16 million (US$4.34 million) to increase equity stake in Global Vision Logistics to 42.5%
UAE: Dar Al Takaful changes trade name to Watania International Holding
MALAYSIA: Bank Negara Malaysia seeks feedback on exposure draft of Financial Technology Regulatory Sandbox Framework
SAUDI ARABIA: Martin Rueegg resigns as acting CEO of Al Alamiya for Cooperative Insurance Co
MALAYSIA: TNB Power Generation issues Islamic medium-term notes worth RM2 billion (US$452.96 million) in total
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq papers worth KWD240 million (US$781.81 million) in total
MALAYSIA: Bank Negara Malaysia issues Islamic facilities worth RM27.51 billion (US$6.23 billion) in total
MALAYSIA: Principal Malaysia launches Principal Islamic Global Responsible Equity Fund
GLOBAL: Hassan Radhi & Associates supports World Islamic Finance Dialogues 2023 as partner
INDONESIA: Mandala Finance to seek approval to issue bonds, Sukuk or other debt securities to support financing distribution, Kontan reports
GAMBIA: Central Bank of Gambia’s three-month, six-month and one-year Sukuk Salam facilities oversubscribed
MALAYSIA: Fitch affirms Sime Darby Plantation Global’s Sukuk program at ‘BBB’
UAE: Omar Saeed Alhemeiri resigns as independent non-executive director of Takaful Emarat for personal reasons