Islamic Banking

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.

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.

Banks remain committed to support affected borrowers/customers as the targeted moratorium phase begins today.

Maybank's net profit for the April-June period was RM942 million ($225.95 million) compared with RM1.9 billion a year ago.

Kazakhstan and Malaysia cooperate in priority sectors such as Islamic banking, the halal industry, oil and gas, infrastructure, green technologies and many more.

Many Malays are still not aware of the importance of naming the heirs to their estate beforehand.

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.

Cooling growth and stabilising earnings in Islamic banking points to a plateauing of prospects after a heady performance in the roaring noughties.

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.

In a filing to Bursa Malaysia today, PNHB said, the facilities would enable DSSB to refinance its existing outstanding banking facilities.

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.

Potential M&A candidates include the Malaysia Building Society Bhd (MBSB), and Bank Muamalat Malaysia Bhd (Muamalat), it said in a statement today.

Using PIN is a more secure, convenient and faster way to pay compared with using signature and card payments without PIN.

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.

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.

Almost 200 residents from 60 homes in Kampung Tanjung Kala have ended up stuck when their 200-metre (m) long concrete bridge flooded.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

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

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.