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Malaysia a global leader in Islamic banking

08 February, 2019      16

MALAYSIA’S pioneering role in the development of Islamic banking and finance has gained worldwide recognition. The public’s demand to have an Islamic commercial bank offering Islamic banking products and services...

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ADIB opens two new technology-enhanced ADIB Express branches

04 February, 2019      33

Abu Dhabi Islamic Bank (ADIB) has expanded its network of ADIB Express branches, opening two new locations in the UAE. Situated at the Emaar Business Park in Dubai and Al Wahda Mall in...

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Inside Malaysia’s fast-growing halal beauty market

04 February, 2019      40

KUALA LUMPUR: The word halal is most commonly associated with food and drink. But in Malaysia demand for halal-certified products across all sectors — including personal care — is growing. The...

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MEDIA RELEASE: SC Introduces Framework to Facilitate Trading of Digital Assets in Malaysia

31 January, 2019      64

Kuala Lumpur, 31 January 2019 The Securities Commission Malaysia (SC) today amended its Guidelines on Recognized Markets to introduce new requirements for electronic platforms that facilitate the trading of digital...

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Islamic trade finance gets crucial industry standard

31 January, 2019      105

The Bankers Association for Finance and Trade (Baft) and International Islamic Financial Market (IIFM) have released a global industry standard document for buying and selling Islamic trade-related risk. The jointly-created...

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Islamic banking software a rapidly growing market

30 January, 2019      57

The global market for core Islamic banking software solutions for banks – notably, not including products from fintech startups – is a rapidly growing segment seen increasing by around 13%...

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Bank Nizwa Voted ‘Best Islamic Bank in Oman’ in the Islamic Finance News Best Banks Poll 2018

29 January, 2019      54

Bank Nizwa has been named ‘Best Islamic Bank in Oman’ at the Islamic Finance News Best Banks Poll 2018: Innovation, creation and tradition. The IFN Best Banks Poll 2018 celebrates...

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Fitch: Zakat settlements remove key uncertainty for Saudi banks

29 January, 2019      23

Confirmation of Saudi banks' extra zakat payments for years up to and including 2017 removes a key near-term uncertainty that could have pressured some banks' ratings, Fitch Ratings says. The...

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Halal internet? Islamic browser promises better web experience

28 January, 2019      134

KUALA LUMPUR (Jan 28): A Malaysian startup is betting that there’s plenty of pent-up demand for a new browser that’s compliant with Islamic values, at a time of mounting concerns...

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Pakistan to be granted major oil loan from Islamic Bank

28 January, 2019      16

(MENAFN) Pakistan is set to receive USD4.5 billion worth of oil as a loan from the Islamic Development Bank, as part of its Islamic Trade Finance Corporation plan. The oil...

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