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BAHRAIN: Ahli United Bank appoints advisors for merger with Kuwait Finance House

GLOBAL: S&P Dow Jones Indices launches new suite of factor-based indices for GCC markets

GLOBAL: IDB research arm to develop non-bank financial products in partnership with Maalem Financing; to work on global Waqf initiative with International Waqf Action Council

SAUDI ARABIA: Riyad Bank appoints Tarek Abdulrahman Al Sadhan as new CEO, replacing Abdulmajeed Abdullah Al Mubarak

BAHRAIN: Meshal Abdulaziz Abdulwahab Al Othman now the new chairman of Ahli United Bank

KYRGYZSTAN: Kuwait Finance House considers foray into Kyrgyzstan; Mol Bulak Finance proposes to buy a stake in Turkapital

IRAN: Iranian parliament allows government to raise US$30 billion overseas during next fiscal year

GLOBAL: Private sectors in Iran and Italy explore establishment of bank to circumvent US sanctions

BAHRAIN: Al Salam Bank-Bahrain increases total holding of treasury shares to 1.83% of issued share capital

UAE: ENBD REIT introduces share buyback program worth US$3.5 million

AUSTRALIA: IFN welcomes GrilloHiggins Lawyers as partner for IFN Australia Forum 2019

SAUDI ARABIA: Saudi Arabia’s Agricultural Development Fund picks Finastra’s core banking solution

UAE: Securities and Commodities Authority working on new Sukuk and Islamic funds regulations

INDONESIA: Bukalapak plans to launch Shariah compliant investment feature in 2019

OMAN: Bank Nizwa promotes Salim Al Maharbi to CFO/assistant general manager

MALAYSIA: International Centre for Education in Islamic Finance appoints Dr Malini Eliatamby as its new deputy president of operations

SAUDI ARABIA: Samba Financial Group names Mohammed Abdullah Al-Sheikh as deputy CEO and Dr Shujaat Nadeem as vice-president for business

SAUDI ARABIA: Saudi Investment Bank appoints new chairman and vice-chairman of board of directors

BAHRAIN: Khaleeji Commercial Bank acquires treasury shares on Bahrain Bourse, with total holding now at 9.84% of paid-up capital

GHANA: Madina Institute of Science and Technology not planning to establish Islamic bank

GLOBAL: Investcorp acquires eight new US multifamily properties for US$330 million; forays into India with US$450 million-worth of assets under management

SAUDI ARABIA: Alkhabeer REIT secures SAR420 million (US$111.95 million) from Al Rajhi Bank to finance assets

BAHRAIN: Khaleeji Commercial Bank acquires treasury shares on Bahrain Bourse, with total holding now at 9.71% of paid-up capital

INDONESIA: Bank Indonesia considers using global Sukuk as underlying asset for monetary instrument

SAUDI ARABIA: Saudi Arabian Monetary Authority renews Salama Cooperative Insurance Company’s license

PAKISTAN: Securities and Exchange Commission of Pakistan defers applicability of IFRS 9

IRAN: Ofogh Kourosh goes public on Tehran Stock Exchange

IRAN: Iran’s parliament approves budget bill

BAHRAIN: Bahrain Islamic Bank appoints Mohamed Mattar as new money laundering reporting officer

SAUDI ARABIA: Alwaleed Fahad Al-Sanani joins Bank Al-Jazira’s governance committee

AUSTRALIA: Islamic finance specialist Andrew Johnston returns to Sparke Helmore Lawyers as banking and finance partner

OMAN: Sohar International partners with Diebold Nixdorf to provide customers with digitized self-service solutions

BAHRAIN: Ebdaa Bank Bahrain welcomes CEO of Bahrain Development Bank as member of board of directors

UAE: Abu Dhabi Islamic Bank reportedly considering merger, among others

OMAN: IFN welcomes Thara Global as partner for IFN Oman Forum 2019

INDONESIA: Asosiasi Fintech Syariah Indonesia targets 11 of its members to be registered under Otoritas Jasa Keuangan

UAE: Samsung Pay includes two Islamic banks to its mobile wallet ecosystem

SAUDI ARABIA: Gulf Union Cooperative and Amana Cooperative secure approval from Council of Cooperative Health Insurance to continue operations for one year

MALAYSIA: Bank Negara Malaysia gives insurers until April to comply with foreign ownership regulations

SAUDI ARABIA: Al Alamiya Cooperative Insurance Company appoints chairman and vice-chairman for board of directors as well as members for a number of committees

TUNISIA: Tunisian Financial Market Council’s draft regulatory framework tackles Sukuk

MALAYSIA: RAM Holdings appoints Amirsham A Aziz as new chairman succeeding Dr Wan Abdul Aziz Wan Abdullah

GLOBAL: World Gold Council continues support for IFN events across Asia, the Middle East and Europe as partner

IRAN: FKA Agriculture & Animal Husbandry Company goes public on Iran Fara Bourse

KUWAIT: Kuwait International Bank arranges Islamic syndicated financing for Daewoo Engineering and Construction

BAHRAIN: Ebdaa Bank-Bahrain launches new website

BAHRAIN: Al Salam Bank-Bahrain increases total holding of treasury shares to 1.79% of issued share capital

SAUDI ARABIA: Capital Market Authority approves Al Bilad Bank’s capital increase to SAR7.5 billion (US$2 billion)

BAHRAIN: Investcorp partners with Aberdeen Standard Investments to roll out joint venture on GCC infrastructure investing

UAE: Ahli United Bank sells stake in Kuwait and Middle East Financial Investment Company

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