MALAYSIA: RHB Banking Group appoints Dr Chong Han Hwee as group chief risk officer

UAE: Dubai Islamic Insurance & Reinsurance elects new board chairman and vice-chairman

NIGERIA: Sterling Bank receives approval in principle to restructure into holding company to support spinning off Islamic banking window

SAUDI ARABIA: Saudi insurers under pressure after first half gains amid sluggish economy and regulatory change

SAUDI ARABIA: Saudi maintains lead as largest Islamic finance market with US$339 billion in assets; Shariah financing to hit 80%…

SAUDI ARABIA: Zain KSA refinances SAR3.85 billion (US$1.03 billion) Murabahah financing with eight banks

IRAN: Central Insurance of Iran receives permit to increase investment ceiling of insurance companies in capital market by 20%

QATAR: QFC Regulatory Authority penalizes Takaful International Company for providing false and misleading information and mistreating customers

BAHRAIN: Mahmoud Difrawy, a member of the board of directors of Ahli United Bank, passes away

KUWAIT: Al Mashora & Al Raya for Islamic Financial Consulting renews license for another three years