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GLOBAL: IsDB meets with Zambia’s ambassador to Saudi Arabia to discuss developmental efforts
KUWAIT: Jamal Ahmed Eqbal to retire as Al Ahli Bank of Kuwait’s group chief risk officer
KUWAIT: Arzan Financial Group renews KWD16.34 million (US$53.17 million)-worth of credit facilities with unspecified Islamic bank
KUWAIT: Ahmad Soud Abdulaziz Alkharji resigns from his post as Kuwait Finance House’s group chief corporate banking officer
SAUDI ARABIA: Al Moammar Information Systems Co secures renewal of two Shariah compliant bank facilities worth a combined SAR758.83 million (US$202.07 million)
SAUDI ARABIA: Dar Al Arkan Real Estate Development Co completely redeems US$500 million Sukuk
KUWAIT: Central Bank of Kuwait issues bonds and related Tawarruq papers worth KWD590 million (US$1.92 billion) in total
PAKISTAN: Meezan Bank provides DHA Suffa University with grant to fund faculty training in Islamic banking and finance, among others
MALAYSIA: Bank Islam partners with MESINKIRA to digitalize underbanked microentrepreneurs’ business operations
EGYPT: Faisal Islamic Bank adopts Intellect Global Consumer Banking’s CBX platform
SAUDI ARABIA: Nayifat Finance Company to increase capital from SAR1 billion (US$266.3 million) to SAR1.2 billion (US$319.55 million) via bonus share issuance
GLOBAL: IsDB holds meeting with Bank Negara Malaysia to strengthen cooperation in supporting MSMEs in climate transition
SAUDI ARABIA: Wataniya Insurance Company appoints Omar Mohammed Hashim as independent board member
BAHRAIN: Ahli United Bank appoints Ahmad Saud AbdulAziz Al Kharji as new group CEO
GAMBIA: Central Bank of Gambia’s three-month, six-month and one-year Sukuk Salam facilities oversubscribed
MALAYSIA: Bank Negara Malaysia auctions Islamic facilities worth up to RM21.3 billion (US$4.76 billion)
GLOBAL: IFN welcomes new correspondent for trade finance
MALAYSIA: Employees Provident Fund urges members to use Islamic financing method
SAUDI ARABIA: Saudi National Debt Management Center closes March 2023 offerings worth SAR3.37 billion (US$897.41 million) in total
INDONESIA: Indonesian government’s auction of Islamic papers receives total bids of IDR23.51 trillion (US$1.53 billion)
SAUDI ARABIA: ACWA Power Co appoints Marco Arcelli as new CEO following resignation of Suntharesan Padmanathan
MALDIVES: Allied Insurance Company of the Maldives launches Takaful product for farmers
SAUDI ARABIA: Lean Technologies signs MoUs with fintech companies Manafa, Tabby, Tamara and Circlys
UAE: Futurecraft Ventures backs new Shariah compliant digital assets trading ecosystem Haqqex
GLOBAL: IsDB meets with Finland’s ambassador to Saudi Arabia to discuss potential areas of cooperation
MALAYSIA: Ministry of Home Affairs to leave it to Malaysian Anti-Corruption Commission to investigate ministry officers involved in Sukuk fraud
PAKISTAN: Askari Life Assurance partners with Takaful Bazaar to offer Shariah compliant products
GLOBAL: Islamic digital bank Nomo to expand operations to Saudi Arabia and UAE, reports ArabianBusiness
MALAYSIA: Bank Negara Malaysia issues Islamic papers worth RM23.7 billion (US$5.28 billion) in total
SAUDI ARABIA: National Building and Marketing Company obtains financing facility worth SAR85 million (US$22.64 million) from Alinma Bank
SAUDI ARABIA: Saudi Islamic digital bank D360 Bank to officially launch soon
GLOBAL: Online retail company Al Mukarramah signs MoU with Islamic Organization for Food Security for initiatives including financial assistance
TURKIYE: Participation Banks Association of Turkiye meets with IsDB’s private sector arm to discuss growth of Islamic finance industry
MALAYSIA: B2B Buy Now Pay Later platform du-it launches crowdfunding campaign on Ethis
QATAR: Qatar Central Bank issues QAR3 billion (US$818.52 million)-worth of treasury bills and Sukuk
SAUDI ARABIA: Saudi National Bank reports minimum impact from Credit Suisse Group fallout
MALAYSIA: UDA Holdings to issue first tranche of RM1 billion (US$221.14 million) sustainable Sukuk Wakalah in April 2023
EGYPT: MSMEDA completes restricted speculation with IsDB to finance Misr El-Kheir Foundation, reports Daily News Egypt
GLOBAL: The Royal Mint launches limited-edition Kaaba 20g Gold Bullion Minted Bar
MALAYSIA: Gobi Partners joins Khazanah Nasional’s Future Malaysia Programme as partner
MALAYSIA: Tanjung Pinang Development issues Sukuk Murabahah worth RM44 million (US$9.79 million) in total
SAUDI ARABIA: Saudi Enaya Cooperative Insurance Co signs contract with Abu Sarhad Group for employee coverage
SAUDI ARABIA: SNB Capital signs MoU with Prince Mohammed Bin Salman College of Business and Entrepreneurship to support students
MALAYSIA: ManagePay Systems to launch online financing platform QuicKredit in Q3 2023
MALAYSIA: Sunway Treasury Sukuk issues RM150 million (US$33.39 million) Sukuk Mudarabah with two-month tenor
SAUDI ARABIA: Fintech firm Tamam Finance signs MoU with Visa to develop microfinancing solutions
TURKIYE: Venture Capital Bank’s investee company Goknur lists on Borsa Istanbul
MALAYSIA: Failure of Silicon Valley Bank has no rating impact on Malaysian banks, says RAM Ratings
GLOBAL: Central Bank of Kenya approves Premier Bank’s acquisition of 62.5% stake in First Community Bank
SAUDI ARABIA: General Authority for Competition issues no-objection decision on Saudi Enaya-United Cooperative Assurance potential merger