News & Update

Submit Press Release

Malaysia on track to become global Islamic finance hub, says Amiruddin

23 April, 2019      250

KUALA LUMPUR:Malaysia is on the right track towards becoming a leading global Islamic finance hub in the near future.   Deputy Finance Minister Datuk Ir Amiruddin Hamzah said this in...

more +


Getting rich the Islamic way

20 April, 2019      221

In October last year, Brunei hosted the Brunei Islamic Capital Market (BICAM) Conference 2018, at the Rizqun International Hotel where more than a dozen international experts in Islamic finance met,...

more +


FNB launches Islamic finance facility as demand for Shari’ah compliant import finance grows

16 April, 2019      319

‘There’s strong appetite in the market for Islamic trade finance products amongst South African businesses,’ says a CEO. First National Bank said it had launched trade finance as part of...

more +


IILM reissues US$500 mil sukuk

12 April, 2019      251

KUALA LUMPUR (April 10): International Islamic Liquidity Management Corporation (IILM) has successfully reissued US$500 million in short-term sukuk in two series. The sukuk was rated A-1 by Standard & Poor’s...

more +


Peserta kewangan Islam perlu tingkat pelaburan teknologi: PM

11 April, 2019      229

KUALA LUMPUR: Peserta kewangan dan perbankan Islam di Malaysia perlu mempertingkatkan pelaburan dalam teknologi bagi mentransformasikan cara perkhidmatan perbankan dikendalikan dan produk diagihkan secara berkesan.   Perdana Menteri, Tun Dr...

more +


First 'super Bench' of nine judges decides Bank Negara council supercedes civil courts on syariah matters

10 April, 2019      1261

PUTRAJAYA: In an unprecedented move, a nine-man Federal Court Bench handed down a landmark majority judgment that any decision by Bank Negara's Syariah Advisory Council (SAC) on Islamic finance is...

more +


Federal Court rules Bank Negara SAC findings binding on Civil Courts

10 April, 2019      751

PUTRAJAYA, April 10 — The Federal Court in a 5-4 majority decision held that Bank Negara Malaysia’s Shariah Advisory Council’s (SAC) findings on Islamic finance is binding on Civil Courts....

more +


PM: Islamic banking players must invest in technologies

10 April, 2019      211

KUALA LUMPUR: Islamic banking and finance players must be intensely invested in technologies to transform the way they conduct banking services and disseminate their products more effectively and efficiently. In...

more +


Islamic financial participants need technology-level investment: PM

10 April, 2019      1404

KUALA LUMPUR: Islamic financial and banking participants in Malaysia need to enhance investment in technology to transform the way banking services are operated and products are effectively deployed. Prime Minister...

more +


AAOIFI Board of Trustees appoints new Secretary General

08 April, 2019      694

The Board of Trustees of the the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) appointed Mr. Omar Mustafa Ansari as its new Secretary General in its meeting held...

more +