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…
INTRODUCTION The Islamic Development Bank Institute (IsDBI) has been awarded a new patent by the United States Patent and Trademark Office (USPTO) for an innovative blockchain consensus mechanism known as “Proof-of-Use.” The patent, officially granted on 10 February 2026, represents the institute’s second USPTO patent and its fifth overall intellectual property registration. The development highlights…
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