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BNM: Islamic financial sector must continue to advance amid global challenges

BNM: Islamic financial sector must continue to advance amid global challenges

Nor Shamsiah said VBI has become more entrenched in the corporate value intent and business strategies of Islamic financial institutions.
Wed Oct 05 2022
PM recommends establishment of Syariah Compliant Commission

PM recommends establishment of Syariah Compliant Commission

Ismail Sabri said currently, the existing regulatory proposal is more limited to the Islamic financial sector through Bank Negara.
Mon May 30 2022
Halal businesses urged to seize opportunities to rebound as economy recovers

Halal businesses urged to seize opportunities to rebound as economy recovers

The halal industry would stand to benefit as Islamic financial institutions had developed into mature institutions.
Thu Sep 09 2021
BNM receives 29 applications for digital banking licenses

BNM receives 29 applications for digital banking licenses

Bank Negara Malaysia (BNM) has received a total of 29 applications for digital bank licenses under the Financial Services Act 2013 and the Islamic Financial Services Act 2013.
Fri Jul 02 2021
Islamic Finance supports UN's SDG initiatives - World Bank

Islamic Finance supports UN's SDG initiatives - World Bank

Raad said Islamic financial instruments can be used to mobilise resources for financing the recovery and rebooting of economies.
Tue Mar 09 2021
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
Maybank Islamic named Best Global Islamic Financial Institution 2017

Maybank Islamic named Best Global Islamic Financial Institution 2017

It was also recognised as the Best Global Sukuk Bank and Best Global Provider of Shariah-Compliant Short-Term Investments.
Tue Oct 17 2017
Malaysia-Bahrain should lead world's first Islamic Fintech

Malaysia-Bahrain should lead world's first Islamic Fintech

Malaysia and Bahrain, two leading Islamic financial hubs in the world, should take the lead in exploring the potential of Fintect.
Mon Dec 12 2016
Bank Islam sees good response to Islamic banking and finance

Bank Islam sees good response to Islamic banking and finance

Acceptance of the Islamic system will continue to grow due to customers' return considerations on Islamic financial products.
Sat Nov 05 2016
Govt to review need to have law to curb abuse of 'shariah-compliant' term

Govt to review need to have law to curb abuse of 'shariah-compliant' term

Currently, Malaysia only have the Islamic Financial Services Act 2013 and the Securities Commission of Malaysia Act 1993 for shariah issues relating to banking and capital markets.
Thu Nov 12 2015
Bank Negara authorised under Financial Services Act to take action

Bank Negara authorised under Financial Services Act to take action

Bank Negara Malaysia would take enforcement actions on parties found to have transgressed or have not complied with rules and regulations issued under the Financial Services Act.
Tue Oct 20 2015
GIFA awarded Agrobank for upholding shariah principles

GIFA awarded Agrobank for upholding shariah principles

GIFA awarded agriculture-centred Agrobank for upholding shariah-compliant banking and elevating Malaysia in its efforts to be established as a global Islamic financial hub.
Wed Sep 30 2015
Maybank Islamic expects customers to switch to Mudarabah Investment Account

Maybank Islamic expects customers to switch to Mudarabah Investment Account

Maybank Islamic Bhd expects the bulk of its Mudarabah deposit account holders to reclassify their accounts to Mudarabah Investment Account.
Wed Apr 22 2015
Vantage Point: Malaysia as an International Islamic financial centre

Vantage Point: Malaysia as an International Islamic financial centre

Rizal Zulkapli talks to Ashar Nazim, Partner, Islamic Banking Excellence Center, Ernst & Young Middle East and South Africa.
Mon Aug 19 2013
10th IFSB Summit discusses global financial crisis

10th IFSB Summit discusses global financial crisis

The 10th IFSB Summit was held on 16 and 17 May in Kuala Lumpur and hosted by Bank Negara Malaysia.
Sat May 18 2013
Lebanese search for dead in devastated villages as Israel withdraws

Lebanese search for dead in devastated villages as Israel withdraws

Hezbollah says Israel was still occupying Lebanese territory and put the onus on the Lebanese state to get Israeli forces out.
Thu Feb 20 2025
China promises Latin America 'trustworthy' ties as Trump lays out demands

China promises Latin America 'trustworthy' ties as Trump lays out demands

Beijing looks to improve its foothold in a region historically under the US sphere of influence.
Thu Feb 20 2025
Major risks loom as Trump upends US Russia policy

Major risks loom as Trump upends US Russia policy

Washington's approach changes dramatically with the initial meeting between US and Russian negotiators.
Thu Feb 20 2025
Pope Francis has double pneumonia, complicating his treatment, Vatican says

Pope Francis has double pneumonia, complicating his treatment, Vatican says

Doctors say a polymicrobial infection occurs when two or more micro-organisms are involved and can be caused by bacteria, viruses, or fungi.
Thu Feb 20 2025
Philippines' VP Duterte challenges impeachment before Supreme Court

Philippines' VP Duterte challenges impeachment before Supreme Court

Sara Duterte makes her first legal move to fight the case that could lead to her removal and lead to a lifetime ban from public office.
Wed Feb 19 2025
Motor racing - Hamilton steps out in red at unprecedented 10 team F1 launch

Motor racing - Hamilton steps out in red at unprecedented 10 team F1 launch

I feel so full of life, so much energy, because everything's new and I'm just focused on what is up ahead, Hamilton says.
Wed Feb 19 2025
UAE tells US' Rubio it rejects displacement of Palestinians

UAE tells US' Rubio it rejects displacement of Palestinians

The UAE's stance matters as its one of four Arab nations that normalised ties with Israel during Trumps first term.
Wed Feb 19 2025
Taylor Swift wins recording artist of the year crown for fifth time

Taylor Swift wins recording artist of the year crown for fifth time

The megastar's "The Tortured Poets Department" record also topped four IFPI charts, the IFPI says.
Wed Feb 19 2025
More than $50 billion needed to rebuild Gaza, World Bank joint assessment says

More than $50 billion needed to rebuild Gaza, World Bank joint assessment says

Years of rebuilding work, including clearing unexploded ordinance and millions of tonnes of rubble lie ahead.
Wed Feb 19 2025
Malaysia’s AI data centre development to be impacted by recent US restrictions - Liew

Malaysia’s AI data centre development to be impacted by recent US restrictions - Liew

Liew Chin Tong says the restrictions would not affect the development of the domestic data centre ecosystem as a whole.
Wed Feb 19 2025