News & Update

Submit Press Release

VBI to be among drivers for Islamic finance, says Bank Negara

14 January, 2019      297

KUALA LUMPUR: Value-based intermediation (VBI), which focuses on creating value and impact, is  set to be one of the drivers for Islamic financial institutions, Bank Negara Malaysia Assistant Governor Adnan...

more +


HOW ISLAMIC FINANCE COULD SAVE THE PLANET

14 January, 2019      483

With mystic peaks, coral reefs, jungles and over 4,000 hours of annual sunlight, Malaysia’s Sabah state is an ideal candidate for clean energy initiatives. But what makes its 50-megawatt solar...

more +


SBP wins global award for Promotion of Islamic Finance

11 January, 2019      416

KARACHI: State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year 2018. The coveted award is conferred by...

more +


BNM approves MIDF, Al Rajhi merger discussions

10 January, 2019      447

KUALA LUMPUR (Jan 10): Bank Negara Malaysia (BNM) has given Malaysian Industrial Development Finance Bhd (MIDF) the green light to begin merger talks with Al Rajhi Banking & Investment Corp,...

more +


Islamic charity Jalalabad Association faces finance inquiry

10 January, 2019      296

An inquiry has been opened into an Islamic charity amid concerns over potential mismanagement and a failure to submit accounts, a regulator says. Jalalabad Association, whose objectives include advancing Islam...

more +


PSE: Shariah-compliant listed firms drop to 56

10 January, 2019      730

THE NUMBER of listed firms compliant with Islamic principles of finance dropped to 56 as of Dec. 25, according to the Philippine Stock Exchange (PSE). A quarterly review posted on...

more +


Islamic finance volume seen at $2.5tn this year; takaful stays miniscule

09 January, 2019      369

The global volume of the Islamic finance industry will reach about $2.5tn this year, only a small growth from the $2.44tn it reached in 2017 and after it lost some...

more +


Islamic Banking Slowly Warms To Blockchain

08 January, 2019      231

Saudi Arabia’s Islamic Development Bank (IDB) signed an investment agreement in November with i-FinTech Solutions, a Tunisia-based advisory firm, to create a series of shariah-compliant tools to help Islamic banks...

more +


Islamic banking moot seeks global forum to help Muslims

07 January, 2019      284

LAHORE: The World Islamic Banking and Finance Conference has agreed to establish an international forum to find solutions to banking, finance and sociopolitical issues being faced by the Muslims. The...

more +


FINTERRA - MOC BRINGS BLOCKCHAIN TO ISLAMIC FINANCE

05 January, 2019      413

KUALA LUMPUR, Jan 5 (Bernama) -- The Islamic Finance / FinTech industry, the former being heavily regulated, is one that FINTERRA is targeting with the upcoming launch of its WAQF...

more +