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Press Releases: Bank Negara Malaysia issues policy document for digital currencies

27 February, 2018      116

Bank Negara Malaysia (“the Bank”) has today issued the Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6) which has taken into account feedback received during...

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Press Release: Ansar Financial and Development Corporation Declares Dividend

25 February, 2018      157

PRESS RELEASE (PR) Ansar Financial and Development Corporation Declares Dividend Toronto February 12, 2018 Ansar Financial and Development Corporation (“AFDC”) announced today that its board of directors has authorized a...

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Develop Formal Governance Framework For Waqf - Sultan Nazrin

22 February, 2018      175

KUALA LUMPUR, Feb 22 (Bernama) -- The institution of waqf needs to develop its own formal governance framework in order to strengthen governance within waqf infrastructure and develop a broader...

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Retakaful sector remains embattled playground for Islamic finance

20 February, 2018      171

Islamic reinsurance, or retakaful, is faced with a challenging environment in a highly competitive reinsurance market, a new report issued by US-based business intelligence and insurance rating firm A.M. Best...

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Malaysian firm adds Islamic certification to cryptocurrency

20 February, 2018      142

Malaysia-based firm HelloGold has received a Syariah-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said. PHOTO: BLOOMBERG...

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Rigorous screening of new hires in financial industry soon, says central bank

16 February, 2018      112

Bank Negara Governor Muhammad Ibrahim, in 2016, said Malaysian financial institutions should be the gold standard for good governance practices. – The Malaysian Insight file pic, February 16, 2018.  ...

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INCEIF to Collaborate with Palestine’s Al-Quds University

15 February, 2018      155

15 Feb, Kuala Lumpur – INCEIF today signed an MoU with Al-Quds University to establish a strategic working relationship to collaborate in various areas including education, research and human capital development,...

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VAT and Islamic finance: A complicated relation

14 February, 2018      89

Now that two countries in the Gulf Cooperation Council (GCC), Saudi Arabia and the UAE, introduced a value added tax (VAT) regime for the first time ever, and the others...

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Alizz Islamic Bank launches e-wallet

14 February, 2018      164

Through the Alizz Wallet customers can transfer funds from their wallet to other wallets in Oman via a phone number or alias with no need to enter the account number, irrespective of...

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TURKEY ECONOMY Turkish deputy PM praises Islamic bank's initiatives

12 February, 2018      88

Two initiatives by the Islamic Development Bank (IDB) will enable Turkey to have closer dialogue with emerging Islamic countries, Turkey’s deputy prime minister said on Monday, Speaking at an event...

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