News & Update

Algeria Turns to Islamic Banking to Resolve its Financial Crisis

23 September, 2017

Algiers– Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday. The services will be available...

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ISRA participates with the coinciding event of the 72nd session of the UN General Assembly co-organized by the IDB and UNDP

20 September, 2017

Islamic finance, a strong and scalable funding source for global development Sep 20, 2017  Magdy Martínez-Solimán, UN Assistant Secretary General and Director of UNDP’s Bureau for Policy and Programme Support...

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Championing Islamic finance

20 September, 2017

PRIME Minister Datuk Seri Najib Razak’s whistle-stop meeting with his British counterpart Theresa May at 10 Downing Street last Thursday when they vowed to strengthen business, trade and investment ties...

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Islamic Banks adopt customer service charter

19 September, 2017

KUALA LUMPUR: The Association of Islamic Banks Malaysia (AIBIM) has adopted the Customer Service Charter for the Islamic banking fraternity in an effort to solidify the commitment towards improving customer...

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Time for Shariah scholars to step up

18 September, 2017

Shariah scholars involved in Islamic finance should walk the talk by translating their ideas and proposed solutions into concrete actions. The ringing challenge came from Bank Negara Malaysia (BNM) governor...

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Islamic finance sector could lose growth momentum next year

16 September, 2017

The Islamic finance industry will expand this year but lower oil prices and a slower economic growth could force the shariah-compliant financial sector, a key area marked for growth by financial hubs...

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Raqaba (Kuwait) & ISRA (Malaysia) Awarded the Revamping Project for AAOIFI's CSAA Qualification

15 September, 2017

AAOIFI Launches Revamping Project for its CSAA Qualification   The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) today announced the commencement of the first phase of the revamping...

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Alliance Islamic Bank proposes sukuk programme of up to RM180m

14 September, 2017

PETALING JAYA: Alliance Financial Group Bhd’s (AFG) indirect wholly-owned subsidiary Alliance Islamic Bank Bhd has proposed a subordinated sukuk murabahah programme of up to RM180 million for the issuance of subordinated...

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PNB gets ‘permissible’ nod from all religious state committees

14 September, 2017

Permodalan Nasional Bhd’s (PNB) “harus” (permissible) status is now approved by all religious state committees, following a recent edict issued by the Penang state mufti’s office. Group chairman Tan Sri Abdul...

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Malaysia to set up professional certifications for Islamic finance

13 September, 2017

KUALA LUMPUR -- Malaysia will introduce two programs to certify professional qualifications in Islamic finance, a central bank official said Tuesday. The programs, the first of their kind in the...

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