Bahrain’s Ijara Murabaha Sukuk Issue Oversubscribed by 180%, Says CBB
The Central Bank of Bahrain announced that its BD30 million short-term Ijara Murabaha Sukuk issue was oversubscribed by 180%, with subscriptions reaching BD54.063 million.
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Indonesia’s Broad Money Maintains Positive Growth in June 2026
Bank Indonesia released its June 2026 broad money statistics, reporting continued growth in M2, supported by higher lending and net claims on the central government.
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Qatar’s General Directorate of Endowments and Wahed Sign MoU to Develop AI-Powered Shariah Equity Analysis and Screening Platform
The General Directorate of Endowments at Qatar’s Ministry of Awqaf and Islamic Affairs has signed a Memorandum of Understanding (MoU) with Wahed MENA LLC to develop and pilot an artificial intelligence-powered Shariah equity analysis and screening platform for the country’s endowment sector. According to the announcement, the initiative combines Wahed’s expertise in Islamic fintech and…
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AAOIFI Hosts Global Roundtable on Fit and Proper Criteria for Islamic Financial Institutions
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…
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Central Bank of Uzbekistan Joins AAOIFI as Regulatory Member
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…
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Kuwait Finance House Completes KD 200 Million AT1 Sukuk Issuance
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…
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IsDBI Secures US Trademark Office Patent for “Proof-of-Use” Blockchain Consensus Model
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…
