News & Update
Submit Press ReleaseTenaga issues US$750m sukuk, Ahmad Badri joins its board
KUALA LUMPUR (Nov 1): Tenaga Nasional Bhd (TNB), via its wholly-owned subsidiary TNB Global Ventures Capital Bhd, has issued Islamic bonds (sukuk) worth US$750 million (RM3.13 billion) under its US$2.5...
Qatari Islamic banks enjoy lowest cost-to-income ratios: IFSB
Qatari Islamic banks have consistently enjoyed the lowest cost-to-income ratios throughout the 2017-18 analysis period, the Islamic Financial Services Board (IFSB) has said in a report. With consistent record-low non-performing...
The World’s Top Hubs For Islamic Fintech Startups
Among the global wave of innovations in financial technology, a growing number of companies are looking to modernize Islamic finance. Against that backdrop, Malaysia has emerged as the world’s top...
Quick Take: sukuk market explained
The world of Sharia-compliant finance has its own lexicon, which can make reading financial news tough going if you aren’t up to speed. Sukuk is a term that often comes...
Deals on Nasdaq Dubai's Islamic financing platform exceed $100bn
"Transactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have hit major milestone" Transactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have exceeded a total of $100...
Blockchain to transform global Islamic finance industry: experts
The adoption of blockchain, artificial intelligence, cryptocurrencies and other advanced technologies are expected to have a positive impact on the global Islamic finance sector and create new benefits and opportunities...
Islamic social finance a tool for development and economic inclusion
A range of stakeholders in the Islamic finance industry is increasingly seeking to tap Islamic social finance in order to unlock the social potential it has for underprivileged, unbanked, underfunded...
Islamic banking key to financing China’s Belt and Road
China’s $5 trillion “Belt and Road” presents opportunities for Islamic banks to plug a sizeable funding gap, as the Asian superpower signs up more Muslim-majority nations to its transcontinental economic...
UTP campus cares for poor students through zakat and waqaf unit
Student welfare at Universiti Teknologi Petronas (UTP) is strengthened by the contributions of its generous alumni to its zakat fund. The impact was immediate. A recently formalised zakat-funded mechanism to support financially-challenged students...
Islamic banking on the rise in UAE, says study
Islamic banks are outperforming their conventional peers in customer acquisition with 55 per cent of the UAE consumers now having at least one Islamic banking product, compared to 47 per...
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