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Saudi Arabia’s Acwa Power set to raise US$1 billion in sukuk sale

23 November, 2020      40

(Nov 23): Saudi Arabia’s Acwa Power International, half-owned by the kingdom’s sovereign wealth fund, is planning to raise about US$1 billion by selling Islamic bonds early next year, according to...

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BNM issues commemorative coins in conjunction with APEC 2020

21 November, 2020      37

KUALA LUMPUR (Nov 20): Bank Negara Malaysia (BNM) has issued commemorative coins in conjunction with the Asia-Pacific Economic Cooperation Meetings 2020 (APEC 2020) in Malaysia. A first for Malaysian coin...

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BNM: Unusual Covid-19 environment has brought substantial challenges to policymakers

17 November, 2020      56

KUALA LUMPUR (Nov 17): Bank Negara Malaysia (BNM) said today East Asia-Pacific central banks' governors concurred that the economic and financial market impact of the Covid-19 pandemic has brought substantial...

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Cautious banking sector making provisions for 3Q, says BNM governor

16 November, 2020      53

KUALA LUMPUR (Nov 16): The Malaysian banking sector has been proactive in addressing the effects of Covid-19. However, the prevailing adverse economic conditions have made it more cautious, and it is expected to continue making provisions for...

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Australia's First 100% Digital Islamic Bank

13 November, 2020      67

Delayed by Covid-19, the central bank of Australia plans to license the country’s first Islamic bank in early 2021. The Islamic Bank of Australia (IBA) will offer sharia-compliant home and SME...

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Reimposing blanket loan moratorium is not in the best interest of the economy, says BNM governor

13 November, 2020      51

KUALA LUMPUR (Nov 13): Reimposing the blanket loan payment moratorium in the country is not in the best interest of the country's economy, says Bank Negara Malaysia governor Datuk Nor Shamsiah...

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SC launches framework to facilitate offering of Islamic funds with waqf features

12 November, 2020      66

KUALA LUMPUR (Nov 12): The Securities Commission Malaysia (SC) has today launched the Waqf-Featured Fund Framework, a new framework to facilitate the offering of Islamic funds with waqf (Islamic endowment)...

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Global sukuk volume to fall this year

11 November, 2020      57

THE global Islamic finance industry is expected to contract this year as sukuk issuance due to significant disruption in corporate sukuk issuance in the first half of 2020 (1H20), said...

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Helios, Public Islamic Bank team up for financing and installation of rooftop solar panels

11 November, 2020      89

KUALA LUMPUR (Nov 11): Helios Photovoltaic Sdn Bhd is collaborating with Public Islamic Bank Bhd (PIBB) to provide exclusive solar photovoltaic (PV) financing package and installation for private properties to...

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Rough ride ahead for remaining two standalone foreign Islamic banks

10 November, 2020      32

THE going has been tough for the two remaining standalone foreign Islamic banks in the country — Kuwait Finance House (Malaysia) Bhd (KFHM) and Al Rajhi Banking & Investment Corp...

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