News & Update
Submit Press ReleaseTime for Islamic finance to move away from replicating debt contracts
2017 was in many ways a dichotomous year for the global economy. Putting aside the perennial basket cases, the likes of Somalia and Zimbabwe, which continue to straddle the bottom,...
The IFSB Announces the Appointment of its New Secretary-General
Kuala Lumpur, 26 January 2018 - The Islamic Financial Services Board (IFSB) today announces the appointment of Dr. Bello Lawal Danbatta as its Secretary-General. The appointment of Dr. Danbatta was...
Bank Muamalat joins GABV network
KUALA LUMPUR: Bank Muamalat Malaysia Bhd has joined The Global Alliance for Banking on Values (GABV), a network of the world’s leading values-based banks. Bank Muamalat was officially accepted as...
Global nominations call for the Royal Award for Islamic Finance
MEDIA RELEASE Kuala Lumpur, 8 January 2018 Global nominations call for the Royal Award for Islamic Finance The Royal Award for Islamic Finance announced a global search to honour an...
ARABIC - Global nominations call for the Royal Award for Islamic Finance
النشرة الإعلامية كوالا لمبور ، 8 من يناير 2018 م دعلوة الترشيحات العالمة للجائزة الملكة للتمويل الإسامي أعلنت الجائزة الملكية للتمويل الإسلامي عن بحثها العالمي لتكريم أفراد...
Nominations open for Royal Award for Islamic Finance
Image: L to R:Prof Datuk Rifaat Ahmed Abdel Karim, Royal Award for Islamic Finance 2016 recipient; Tan Sri Ranjit Ajit Singh, chairman, SC; Sultan Nazrin Muizzuddin Shah, Sultan of Perak;...
Saudi Telecom gets 1.5 bil ringgit Islamic loan
SYDNEY (Jan 8): Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit (US$378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks. Saudi Telecom,...
Islamic insurers to refocus on profitable segments
Dubai Improving insurance profitability in some of the sectors such as motor insurance and medical insurance are expected to result in Islamic insurance players refocusing in these sectors, according to...
BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit
TOKYO -- The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia's state-owned telecom company, Saudi Telecom. The ringgit-based loan amount is...
Maybank Islamic partners MAIPK to improve Perak socio-economy
KUALA LUMPUR: Maybank Islamic Bhd has signed a Waqf Development Fund joint-venture agreement with Perak Islamic Religion and Malay Customs Council (MAIPk) to develop the state’s waqf (endowment) boat project....
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