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PAKISTAN: Asad Umar resigns as finance minister of Pakistan; new finance chief named in cabinet reshuffle

UAE: Abu Dhabi Global Market Courts introduce court-annexed mediation service

GLOBAL: Malaysia’s sovereign wealth fund shuts London office

SAUDI ARABIA: Gulf International Bank converts Saudi presence into fully-fledged local bank

PAKISTAN: Zarai Taraqiati Bank begins processing Hajj applications; reaches agricultural lending target

SAUDI ARABIA: GIB Saudi Arabia forms board of directors

UAE: Al Hilal Bank’s new CEO to drive digital transformation with refreshed strategy

UK: UK Islamic Finance Week welcomes Gatehouse Bank as partner

UAE: Emirates REIT realizes 15.3% increase in total property income for 2018

UAE: CDIT Roundtable to be held alongside RFI Summit in Abu Dhabi

MALAYSIA: AmBank and Credit Guarantee Corporation jointly launch Shariah compliant financing scheme for start-ups

BURKINA FASO: IDB supports CBI Baraka with EUR15 million (US$16.89 million) convention

BAHRAIN: Al Salam Bank Bahrain launches digital payroll solution in collaboration with Arab Financial Services; to introduce new fintech solutions over the next few months

GLOBAL: Investcorp acquires real estate asset in Germany; concludes tour in four emerging Asian economies

OMAN: Al Omaniya Financial Services decides to increase capital

UK: S&P Global Ratings affirms Shariah finance commitment; confirmed as partner for UK Islamic Finance Week

IRAN: Iranian Majlis asks for removal of compound interest rates

IRAN: Money and Credit Council allows Central Bank of Iran to conduct open market operation

IRAQ: Ameen Al-Iraq Islamic Bank for Investment and Finance picks Path Solutions’s iMAL Islamic core banking platform

UK: Al Rayan Bank CEO Sultan Choudhury steps down; COO Ahmed Abdisheikh steps up in the interim

BAHRAIN: AlBaraka begins distributing US$37 million in cash dividends to shareholders

SRI LANKA: Amana Bank expands cooperation with IDB’s private arm to include cross-selling and syndication origination, among others

UAE: Abu Dhabi Islamic Bank inks agreement with WCP Investments to market Islamic Leasing and Finance Opportunities Fund I (USD)

NIGERIA: Lotus Capital supports IFN Nigeria Forum as partner

SAUDI ARABIA: Moody’s completes periodic review of Islamic Corporation for Insurance of Investment and Export Credit’s ratings

SRI LANKA: Amana Bank unveils PayWave-enabled Visa debit cards

MALAYSIA: AmBank Group partners with Universiti Malaysia Sabah to enable JomPAY services in the university

PAKISTAN: JS Bank reappoints Basir Shamsie as president and CEO; names Suleman Lalani as chairman of board of directors

IRAN: Central Bank of Iran proposes establishment of universal insurance fund for natural disasters

PAKISTAN: Pak-Qatar Takaful Group makes PKR120 million (US$845,204) in net profit after tax for 2018

SAUDI ARABIA: Citigroup Saudi Arabia adds new activities to business profile

UAE: Tawreeq Holdings completes US$166 million-worth of supply chain finance transactions

PAKISTAN: Bank Alfalah Islamic signs MoU with Ghandhara Industries to promote auto finance product

OMAN: Central Bank of Oman issues Bank Resolution Framework

MALI: IDB supports primary education in Mali with XOF19.65 billion (US$33.84 million) financing

MALAYSIA: Standard Chartered Saadiq supports IFN Asia Forum as partner

PAKISTAN: Diyanah Islamic Financial Services requests holders to surrender trading right entitlement certificates

BAHRAIN: Bashar Bazian is the new managing director of Crestbridge Group’s Bahrain office

KUWAIT: Burgan Bank names Masaud Mahmoud Jawhar Hayat as group CEO

GLOBAL: IDB joins Global Partnership for Education’s effort to strengthen education systems

UAE: Azizi Developments partners with Dubai Islamic Bank on property buying solution

TURKEY: Turkey to inject TRY28 billion (US$4.83 billion) into state-owned banks

GLOBAL: Arcapita enters into strategic partnership with YPO MENA

MALAYSIA: First National Bank launches Islamic trade finance solutions

UK: Abu Dhabi Islamic Bank UK’s Bruno Martorano leaves CEO role

UK: Connectif Technology and Lyst Technologies collaborate to establish Islamic asset and liability management platform powered by Synergies Digital Platform

MALAYSIA: Bursa Malaysia to migrate from T+3 to T+2 settlement cycle on the 29th April

MALAYSIA: Export-Import Bank of Malaysia welcomes Feizal Mustapha as new chairman

SAUDI ARABIA: Riyad REIT seals agreement to manage Hilton Garden Inn Hotel

UAE: Dubai Islamic Bank responds to Noor Bank acquisition rumors by saying it “regularly looks at opportunities to support expansion”

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