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
GLOBAL: Fasset partners with Malaysia Building Society to offer digital asset investments to customers in Malaysia
SAUDI ARABIA: Capital Market Authority of Saudi Arabia grants Financial Technology Experimental Permit to FinTech Thuluthain Company
SAUDI ARABIA: Amlak International renews financing facility with Saudi Investment Bank worth SAR864.5 million (US$230.31 million)
MALAYSIA: AEON Bank to start operations by end of Q2 2024, Bernama reports
BAHRAIN: Abdulhakeem Alkhayyat resigns from post as managing director and CEO of Kuwait Finance House Bahrain
INDONESIA:Takaful Keluarga appoints Yurivanno Gani as CEO
GLOBAL: GFH Partners welcomes Nabeel Kanoo as new board member
SAUDI ARABIA: Saudi National Debt Management Center opens third subscription round of Sah savings product with 5.59% return rate
UK: Wahed to launch real estate crowdfunding investment solution
SAUDI ARABIA: Emkan Alarabiya launches Sukuk product with return rate of up to 18%, Argaam reports
PAKISTAN: Mughal Iron & Steel Industries raises PKR3 billion (US$10.74 million) through privately-placed Sukuk
MALAYSIA: Cagamas prints Islamic paper worth RM230 million (US$48.01 million)
This A5 guide serves as a comprehensive overview of the global Takaful industry, focusing on latest trends, issues, challenges and most importantly, how do the Takaful players foresee the market to be this year.
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