Islamic Financial

Nor Shamsiah said VBI has become more entrenched in the corporate value intent and business strategies of Islamic financial institutions.

Ismail Sabri said currently, the existing regulatory proposal is more limited to the Islamic financial sector through Bank Negara.

The halal industry would stand to benefit as Islamic financial institutions had developed into mature institutions.

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.

Raad said Islamic financial instruments can be used to mobilise resources for financing the recovery and rebooting of economies.

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.

It was also recognised as the Best Global Sukuk Bank and Best Global Provider of Shariah-Compliant Short-Term Investments.

Malaysia and Bahrain, two leading Islamic financial hubs in the world, should take the lead in exploring the potential of Fintect.

Acceptance of the Islamic system will continue to grow due to customers' return considerations on Islamic financial products.

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.

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.

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.

Maybank Islamic Bhd expects the bulk of its Mudarabah deposit account holders to reclassify their accounts to Mudarabah Investment Account.

Rizal Zulkapli talks to Ashar Nazim, Partner, Islamic Banking Excellence Center, Ernst & Young Middle East and South Africa.

The 10th IFSB Summit was held on 16 and 17 May in Kuala Lumpur and hosted by Bank Negara Malaysia.

Malaysia's men's singles shuttler Lee Zii Jia has withdrawn from next week's Swiss Open due to a recurring right ankle injury.

A 47-year-old Malaysian man is being investigated for allegedly uploading fake content that touches on the 3R (religion, race and royalty) on social media.

The Ministry of Domestic Trade and Cost of Living (KPDN) has urged the public to be the eyes and ears of the ministry and report shortages of bottled cooking oil in their areas.

The International Court of Justice will hold hearings next month on Israel's obligations towards Palestinians, Anadolu Ajansi (AA) reported.

Prime Minister Datuk Seri Anwar Ibrahim said Sapura Energy Bhd's (SEB) former major shareholders are no longer involved in the company's management as part of its restructuring efforts.

Intel Corporation (INTC.O) has appointed semiconductor Malaysian-born industry veteran and former board member Lip-Bu Tan as its new CEO.

Former Prime Minister Datuk Seri Ismail Sabri Yaakob was at the Malaysian Anti-Corruption Commission (MACC) headquarters here today to give his statement

Datuk Nitin Nadkarni, Consultant at Lee Hishammuddin Allen & Gledhill, discusses the need for stronger legal recourse alongside increased enforcement in Malaysia’s legal framework. How can reforms balance regulation and fairness?

Cyber threats are evolving at lightning speed, are you keeping up? Join cybersecurity expert Danny Kim, Founder and CTO of Full Armour, as he breaks down the latest threats and how to stay ahead in this ever-changing digital battlefield.

Former Philippines President Rodrigo Duterte could face up to 30 years or life imprisonment if convicted of crimes against humanity by the International Criminal Court (ICC)