GLOBAL: Women Entrepreneurs Finance Initiative’s first round of funding allocation to empower women entrepreneurs include US$32 billion to the IDB
BAHRAIN: The General Council for Islamic Banks and Financial Institutions shares concerns over correspondent banking decline
OMAN: Meethaq Islamic Banking partners with Azimut Group to promote Global Sukuk Fund
NIGERIA: Securities and Exchange Commission inks multipartite agreements to boost local Sukuk market; to work on e-IPO initiatives
UAE: Dubai International Financial Center’s Fintech Hive expands to include Islamic finance, among others; more partners are expected to join this year
MALAYSIA: Tang Peng Wah resigns from Affin Bank’s board of directors
PAKISTAN: Pakistani government considering 30% tax cut to encourage listing of Islamic companies
SAUDI ARABIA: Saudi Arabian Monetary Authority issues final warning to AXA Cooperative Insurance Company on technical system ineffectiveness
JORDAN: IDB Infrastructure Fund II, Meridiam and Groupe ADP invest in Amman-based Airport International Group
MALAYSIA: Bank Negara Malaysia issues five Islamic money market facilities
MALAYSIA: Boustead Holding floats Sukuk Murabahah facility with profit rate of 5.7%
MALAYSIA: Bank Negara Malaysia grants approval to Maybank Asset Management Group’s proposed acquisitions of Permodalan Nasional’s subsidiaries
MALAYSIA: OSK Holdings re-lodges Sukuk Program to include conventional part; total limit of both programs now RM1.8 billion (US$461.49 million)
BRUNEI: Autoriti Monetari Brunei Darussalam prices BN$100 million (US$76.06 million) Sukuk Ijarah
PAKISTAN: Pakarab Fertilizers to raise PKR1 billion (US$8.62 million) through diminishing Sukuk Musharakah
IRAN: Iranian parliament approves amendment on banking structures
SAUDI ARABIA: The United Cooperative Insurance Company seeks Capital Market Authority’s approval to reduce its capital
SAUDI ARABIA: Saudi regulator issues final warning to SNIC over regulatory violations
SAUDI ARABIA: Tadawul suspends trading of MetLife AIG ANB Cooperative Insurance’s shares following approval of capital reduction plan
GLOBAL: Sumitomo Mitsui Banking Corporation Europe and the Islamic Corporation for the Development of the Private Sector sign bilateral agreement
SAUDI ARABIA: Walaa Cooperative Insurance Company and Al-Saqr Cooperative Insurance Company to explore merger
MALAYSIA: Chemical Company of Malaysia secures US$25 million commodity Murabahah facility from Sumitomo Mitsui Banking Corporation Malaysia
KENYA: The Central Bank of Kenya authorizes Pakistan-based Bank AL Habib to open a representative office in Kenya
MALAYSIA: Bank Negara Malaysia prints Islamic papers worth a combined RM11.1 billion (US$2.85 billion)
MALAYSIA: WCT Holdings issues Islamic medium-term note worth RM310 million (US$79.69 million)
MALAYSIA: UMW Holdings issues 100-year Musharakah paper; raises RM1.1 billion (US$282.76 million)
BANGLADESH: Bangladesh Bank issues three and six-month Bangladesh Government Islami Investment Bond
MALAYSIA: Aeon issues RM100 million (US$25.71 million) Islamic commercial paper
SAUDI ARABIA: Capital Market Authority approves Walaa Cooperative Insurance Company’s capital increase
TUNISIA: Amen Bank signs insurance agreement with Islamic Corporation for the Insurance of Investment and Export Credit
MALAYSIA: Maybank to spin off and list Etiqa on Bursa Malaysia
UAE: Dana Gas forms new board of directors; to proceed with dividend distribution
UAE: Former CEO of Abu Dhabi Islamic Bank Tirad Mahmoud passes away
MALAYSIA: HelloGold secures Series A funding from500 Startups for blockchain strategy
GLOBAL: Hada DBank to commence first stage of token generation event on the 1st May 2018
SAUDI ARABIA: Abdullah A M Al-Khodari Sons Company renews Islamic credit facilities agreement with Alawwal Bank
MALAYSIA: Dr Rozali Mohamed Ali to continue as pro-chancellor of International Centre for Education in Islamic Finance
INDONESIA: BRISyariah begins IPO of 2.62 billion shares fully online
OMAN: Abdul Rahman Al Attiyah resigns from National Bank of Oman’s board of directors
MALAYSIA: Cagamas SRP and MBSB Bank sign agreement on home financing
BANGLADESH: Islami Bank Bangladesh elects Professor Md Nazmul Hassan as new chairman
UAE: National Bonds Corporation sees increase of 20% in regular savers for 2017
KUWAIT: Central Bank of Kuwait issues KWD240 million (US$797.47 million)-worth of conventional bonds and Tawarruq facilities
UAE: Sukuk by Sharjah Islamic Bank and DAMAC Properties begin trading on NASDAQ Dubai
UAE: Noor Bank’s US$500 million Sukuk facility oversubscribed 2.1 times with profit rate of 4.47%
GLOBAL: International Islamic Liquidity Management Corporation issues two short-term Islamic papers worth US$1 billion collectively
MALAYSIA: Bank Negara Malaysia’s five Islamic short-term facilities fully subscribed
GAMBIA: Gambia’s three-month and six-month Sukuk papers oversubscribed; one-year paper sells below target
INDONESIA: Indonesian government experiences slow growth in foreign debt as at the end of February 2018
IRAQ: Iraq Noor Islamic Bank records IQD3.54 billion (US$2.96 million) in net profit for first quarter of 2018