News & Update
Submit Press ReleaseKuwait's Dubai-listed Al Mazaya inks $137m in Islamic finance deals
Kuwait-headquartered real estate developer Al Mazaya Holding has inked Islamic financing agreements with a local bank worth $136.6m (KD41.5m) weeks after it announced separate financing agreements worth $90.4m (KD27.5m) on...
UOB Malaysia launches Shariah wealth management solution
UOB Malaysia managing director and country head of personal financial services Ronnie Lim said the bank's Islamic wealth management solutions were designed to help customers select the right product relevant...
Bank Negara: Financial Threat Intelligence Platform operational before year-end
KUALA LUMPUR: Bank Negara Malaysia (BNM) expects to operationalise the Financial Threat Intelligence Platform before the year-end as part of its efforts to strengthen platforms for collaboration in building a safe...
Fintech changes the way institutions provide financial services
KUALA LUMPUR: Bank Negara Malaysia sees fintech as a means to enhance competition, increase productivity and fundamentally change the way institutions provide financial services. Bank Negara governor Datuk Nor...
ISLAMIC BANKING: FROM FINANCING TO EMPOWERMENT
As ancient as the religion itself, Islamic banking has reached at the present time new levels of maturity, facilitated by updated regulations and growing economies and populations motivated by a...
ICD, Kapitalbank sign bilateral agreement to develop Islamic finance in Uzbekistan
UZBEKISTAN — The Islamic Corporation for the Development of the Private Sector (ICD), signed an agreement on Wednesday to assist Kapitalbank with technical advisory services for the establishment of new...
Dubai developer to issue $135m in sukuk
DUBAI: The First Group, a Dubai-based developer and real estate investor, plans to issue $135 million in sukuk, or Islamic bonds, a company spokeswoman said. The developer has appointed investment...
MBSB to become Islamic banking counter within 2 years
Malaysia Building Society Bhd (MBSB) expects its full-fledged Islamic banking business under MBSB Bank Bhd to become a holding company and assume listing status on the stock exchange within two...
College launches degrees in Islamic finance
A Scottish college is offering Masters degree programmes on Islamic finance. Dundee’s Al-Maktoum College of Higher Education is collaborating with the University of Dundee to offer qualifications in MSc Islamic...
HSBC Malaysia launches ESG Islamic structured product
Pic: “Investment strategies incorporating ESG have seen rapid global growth in recent years. The main factors driving ESG asset growth, among others, include the demand from asset owners and risk...
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