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Sharjah lists $200m sukuk on Nasdaq Dubai

21 December, 2018      50

Nasdaq Dubai has welcomed the listing of a $200 million dollar sukuk issued by the emirate of Sharjah. It is the emirate’s second sukuk listing on the exchange this year,...

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US$6.4 trillion lures Malaysia's biggest Islamic bank to go global

21 December, 2018      38

Malaysia’s biggest Islamic bank is setting up its first overseas branch to meet the demand for financing in the US$6.4 trillion global halal economy. Maybank Islamic Bhd. expects to get...

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4.4 million insurance, takaful policyholders to be reimbursed

20 December, 2018      43

PUTRAJAYA: The Finance Ministry today announced tax exemptions for all individual policyholders who had bought or renewed an insurance or general takaful policy for motor, fire or accident insurance during...

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Islamic banking profits jump 27.7% in Pakistan

19 December, 2018      31

Profits of the Islamic banking industry surged by 27.7% to Rs23bn in 3QCY18, from Rs18bn in same quarter last year, reported State Bank of Pakistan’s Islamic Banking Bulletin issued this...

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UK has broadest Islamic finance knowledge base

19 December, 2018      34

The UK comes on top of a list of Islamic finance knowledge providers, with 80 institutions providing courses on the matter in the country as per 2017. Malaysia is second...

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CIMB says online banking system not hacked

18 December, 2018      95

KUALA LUMPUR: CIMB Bank Bhd has assured its customers that its online banking portal, CIMBClicks system remains secure and all customers’ transactions continue to be protected. “The bank would like...

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Dubai Investments unit said to hire HSBC, Citigroup for sukuk

18 December, 2018      43

Dubai Investments’ property unit hired HSBC Holdings and Citigroup to sell Islamic bonds early next year as it seeks to refinance an existing sukuk, according to people with knowledge of...

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IIFM standardisation initiatives to support Islamic business activities

18 December, 2018      28

THE 39th meeting of the Board of Directors of the International Islamic Financial Market (IIFM) convened in Bahrain recently. It was attended by representatives from its founding and permanent members...

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Standardisation critical for Islamic finance’s success

17 December, 2018      25

MANAMA: Bahrain regulators have called for Islamic finance practitioners to push for standardisation in the industry to ensure further growth across the globe. Central Bank of Bahrain (CBB) executive director...

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Selangor Zakat Board allocates RM10m for education aid

17 December, 2018      31

SHAH ALAM, Dec 16 — The Selangor Tithes Board (LZS) has allocated RM10.1 million for the schooling and tertiary education aid of children of middle-income households next year. LZS chief...

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