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Father of Malaysian Islamic banking, Abdul Halim Ismail passes away

Father of Malaysian Islamic banking, Abdul Halim Ismail passes away

His dedication and pioneering spirit played an important role in shaping the journey of Bank Islam as well as leaving a lasting impact on the development of Malaysia's Islamic finance industry.
Sun Oct 20 2024
Banks to offer six-month moratorium from July 7, say ABM, AIBIM

Banks to offer six-month moratorium from July 7, say ABM, AIBIM

The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) member banks will be offering a six-month moratorium from July 7.
Tue Jun 29 2021
98 pct approval rate for borrowers seeking targeted repayment assistance

98 pct approval rate for borrowers seeking targeted repayment assistance

Banks remain committed to support affected borrowers/customers as the targeted moratorium phase begins today.
Thu Oct 01 2020
Malaysia's Maybank second-quarter profit drops 52 per cent

Malaysia's Maybank second-quarter profit drops 52 per cent

Maybank's net profit for the April-June period was RM942 million ($225.95 million) compared with RM1.9 billion a year ago.
Thu Aug 27 2020
Malaysia holds special importance for the leadership of Kazakhstan

Malaysia holds special importance for the leadership of Kazakhstan

Kazakhstan and Malaysia cooperate in priority sectors such as Islamic banking, the halal industry, oil and gas, infrastructure, green technologies and many more.
Tue Jun 16 2020
'Hibah' best tool to resolve Muslim inheritance issues - Experts

'Hibah' best tool to resolve Muslim inheritance issues - Experts

Many Malays are still not aware of the importance of naming the heirs to their estate beforehand.
Tue Jun 09 2020
Hong Leong Bank Bhd eyes 5pc loan growth for FY19

Hong Leong Bank Bhd eyes 5pc loan growth for FY19

Mostly driven by the retail and business banking segments, Hong Leong Bank Bhd foresees to achieve loan growth of more than 5 per cent for financial year ending June 30, 2019.
Tue Feb 26 2019
CIMB's Rafe Haneef: Steering the Once Fastest Growing Islamic Bank, Away From the Dreaded 'Plateau'

CIMB's Rafe Haneef: Steering the Once Fastest Growing Islamic Bank, Away From the Dreaded 'Plateau'

Cooling growth and stabilising earnings in Islamic banking points to a plateauing of prospects after a heady performance in the roaring noughties.
Mon Mar 19 2018
CIMB expects sovereigns to issue green Islamic bonds in 2018

CIMB expects sovereigns to issue green Islamic bonds in 2018

More than one sovereign could tap the Islamic bond market to raise funds for climate-friendly investments, Rafe Haneef, Chief Executive of CIMB's Islamic banking arm told Reuters in an interview.
Tue Feb 06 2018
Puncak Niaga's sub-subsidiary executes agreement on RM290 mln Islamic banking facility

Puncak Niaga's sub-subsidiary executes agreement on RM290 mln Islamic banking facility

In a filing to Bursa Malaysia today, PNHB said, the facilities would enable DSSB to refinance its existing outstanding banking facilities.
Thu Oct 19 2017
It's time for Islamic banks to consider mergers, says banker

It's time for Islamic banks to consider mergers, says banker

The merger of Islamic banking units in Malaysia is crucial as the market is becoming overcrowded with the players hungry for growth, outgoing BIMB Holdings Bhd Group CEO Datuk Seri Zukri Samat said.
Sun May 28 2017
Islamic banking M&A plausible, says AllianceDBS

Islamic banking M&A plausible, says AllianceDBS

Potential M&A candidates include the Malaysia Building Society Bhd (MBSB), and Bank Muamalat Malaysia Bhd (Muamalat), it said in a statement today.
Mon Feb 20 2017
Retailers, cardholders need to switch to PIN-enabled terminal, card soonest

Retailers, cardholders need to switch to PIN-enabled terminal, card soonest

Using PIN is a more secure, convenient and faster way to pay compared with using signature and card payments without PIN.
Tue Dec 13 2016
Melaka aims to become Islamic banking hub in 5-10 years

Melaka aims to become Islamic banking hub in 5-10 years

The Melaka state government intends to develop the state as a hub for international Islamic banking in five to 10 years' time, said Chief Minister Datuk Seri Idris Haron.
Tue Dec 06 2016
Zahid: Islamic banking assets now at 27 PCT of Malaysia total banking system

Zahid: Islamic banking assets now at 27 PCT of Malaysia total banking system

Islamic banking assets now stand at 27 per cent of Malaysia's total banking system, while Takaful penetration amounts to 14.8 per cent of the population, said Datuk Seri Ahmad Zahid Hamidi.
Mon Nov 21 2016
Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

Pro-Palestinian NGOs seek court order to stop Dutch arms exports to Israel

The Dutch state, as a signatory to the 1948 Genocide Convention, has a duty to take all reasonable measures at its disposal to prevent genocide.
Sat Nov 23 2024
How quickly can Trump's Musk-led efficiency panel slash US regulations?

How quickly can Trump's Musk-led efficiency panel slash US regulations?

Moves by Trump and his appointees to eliminate existing rules will be met with legal challenges, as many progressive groups and Democratic officials have made clear.
Sat Nov 23 2024
2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

2TM: Consultations on PTPTN loans, admission to IPTA at MOHE booth

Consultations on PTPTN loans and admission to IPTA are among services provided at the Higher Education Ministry booth.
Sat Nov 23 2024
Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Kampung Tanjung Kala residents affected by flooded bridge every time it rains heavily

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.
Sat Nov 23 2024
COP29 climate summit draft proposes rich countries pay $250 billion per year

COP29 climate summit draft proposes rich countries pay $250 billion per year

The draft finance deal criticised by both developed and developing nations.
Fri Nov 22 2024
Bomb squad sent to London's Gatwick Airport after terminal evacuation

Bomb squad sent to London's Gatwick Airport after terminal evacuation

This was following the discovery of a suspected prohibited item in luggage.
Fri Nov 22 2024
Kelantan urges caution amidst northeast monsoon rains

Kelantan urges caution amidst northeast monsoon rains

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Fri Nov 22 2024
Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand PM Jacinda Ardern receives UN leadership award

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
Fri Nov 22 2024
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
Fri Nov 22 2024
KTMB provides two additional ETS trains for Christmas, school holidays

KTMB provides two additional ETS trains for Christmas, school holidays

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
Fri Nov 22 2024