The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), through its Regulatory Research and Development Centre (RRDC), convened a virtual roundtable on 8 June 2026 to discuss fit and proper criteria for Islamic financial institutions (IFIs). The session brought together more than 70 senior representatives from 29 regulatory and supervisory authorities (RSAs) across 26…
Manama, Kingdom of Bahrain / Tashkent, Republic of Uzbekistan – The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has announced that the Central Bank of the Republic of Uzbekistan has officially become a regulatory member of the organisation. The membership reflects the Central Bank of Uzbekistan’s commitment to strengthening its Islamic finance regulatory…
Kuwait Finance House (KFH) has announced the successful issuance of a KD 200 million Additional Tier 1 (AT1) Mudaraba Sukuk, described as the first and largest Kuwaiti Dinar-denominated issuance of its kind in Kuwait’s banking sector. The Sukuk was priced at 200 basis points above the discount rate of the Central Bank of Kuwait, resulting…
