News & Update
Submit Press ReleaseBNM tells SMEs to look past misconception into Islamic financing facilities
KUALA LUMPUR (Jan 14): More than half of the country's small and medium enterprises (SMEs) are not fully aware of the availability of Islamic business financing facilities, due mainly to...
VBI to be among drivers for Islamic finance, says Bank Negara
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...
HOW ISLAMIC FINANCE COULD SAVE THE PLANET
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...
SBP wins global award for Promotion of Islamic Finance
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...
BNM approves MIDF, Al Rajhi merger discussions
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,...
Islamic charity Jalalabad Association faces finance inquiry
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...
PSE: Shariah-compliant listed firms drop to 56
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...
Islamic finance volume seen at $2.5tn this year; takaful stays miniscule
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...
Islamic Banking Slowly Warms To Blockchain
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...
Islamic banking moot seeks global forum to help Muslims
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...
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