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Islamic Financial

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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
Cops involved in crash rescue driver before car is consumed by fire

Cops involved in crash rescue driver before car is consumed by fire

According to police, four individuals, including three police officers, were involved in the incident.
Mon Feb 17 2025
Hezbollah chief says Israel must fully withdraw from Lebanon by February 18

Hezbollah chief says Israel must fully withdraw from Lebanon by February 18

Naim Qassem says any Israeli military presence on Lebanese soil after February 18 would be considered an occupying force.
Mon Feb 17 2025
Israel receives shipment of heavy bombs cleared by Trump

Israel receives shipment of heavy bombs cleared by Trump

Trump says he lifted a Biden-era block on the export of the bombs to Israel despite a ceasefire agreement being in place.
Mon Feb 17 2025
Netanyahu reiterates support for Trump's Gaza plan

Netanyahu reiterates support for Trump's Gaza plan

Netanyahu again praises US President Donald Trump's plan to resettle Palestinians from Gaza.
Mon Feb 17 2025
Ringgit opens higher against US dollar on stronger GDP growth in 4Q 2024

Ringgit opens higher against US dollar on stronger GDP growth in 4Q 2024

According to Mohd Afzanizam, the ringgit is poised for positive starts today amid signs of weaker consumer spending in the United States.
Mon Feb 17 2025
Like dictators before him, Trump threatens international peace and security

Like dictators before him, Trump threatens international peace and security

Trump's threats are no way to treat an ally, but unfortunately for him, international law is on Canada's side.
Sun Feb 16 2025
Why is there an increase in lung cancer among women who have never smoked?

Why is there an increase in lung cancer among women who have never smoked?

Study suggests that environmental factors, particularly air pollution may be driving the rise in non-smoking-related lung cancer.
Sun Feb 16 2025
UN refugee agency says Congo fighting leaves 350,000 with no shelter

UN refugee agency says Congo fighting leaves 350,000 with no shelter

Hundreds of thousands of people are now living in makeshift accommodation, including churches and hospitals, according to UNHCR.
Sun Feb 16 2025
How will Canada's next prime minister be chosen?

How will Canada's next prime minister be chosen?

The result is due to be announced on March 9.
Sun Feb 16 2025
Trump says he backs Ukraine, but early concessions to Russia spark concerns

Trump says he backs Ukraine, but early concessions to Russia spark concerns

Trump says US troops would not be part of any security presence in Ukraine.
Sun Feb 16 2025