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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
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024