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
UAE: Abu Dhabi’s credit profile supported by healthy public finances and oil and gas reserves, says Moody’s
QATAR: Qatar Investment Authority not liquidating assets to support Qatar’s banking system; to announce major deal in the US
SAUDI ARABIA: Emirates NBD and Citigroup commence separate operations in Saudi; expansion of businesses expected
SAUDI ARABIA: Bupa Arabia for Cooperative Insurance recommends 20% cash dividend for 2017
KUWAIT: Appeal hearing on The Investment Dar’s restructuring plan postponed to May
BRUNEI: Autoriti Monetari Brunei Darussalam signs credit information exchange agreement with new Islamic bank
MALAYSIA: Bank Negara Malaysia releases new policy on Islamic currency exchange; to come into effect the 1st April 2019
INDONESIA: Indonesian Ministry of Finance receives IDR10.19 trillion (US$739.64 million)-worth of bids for auction of seven securities
UAE: ENBD REIT’s energy-saving strategy utilizes artificial intelligence and internet of things; to roll out similar measures across property portfolio
UAE: Jamal Al Kishi expands portfolio with new positions in Deutsche Bank as UAE chief country officer and general manager of Dubai branch
UAE: Noor Bank sets initial price guidance for five-year benchmark-sized Sukuk
GLOBAL: Labuan International Business Financial Centre targeting Gulf business; to conduct UAE roadshow next week
MALAYSIA: Bank Negara Malaysia floats three Islamic liquidity management instruments
MALAYSIA: Employees Provident Fund targets RM25 billion (US$6.45 billion) yearly growth in Islamic assets; on the lookout for external Shariah portfolio managers
NIGERIA: Niger State obtains approval to issue NGN21.5 billion (US$59.47 million) Sukuk
SAUDI ARABIA: Moody’s affirms Saudi’s Arabia’s long-term issuer and senior unsecured ratings at ‘A1’
HONG KONG: Citi appoints Angel Ng as Citi country officer and CEO for Hong Kong and Macau