News & Update
Submit Press ReleaseMBSB third-quarter profit higher by 21%
PETALING JAYA: (MBSB) saw a 21% jump in net profit for the third quarter ended Sept 30, due to a lower charge of impairment allowances on loans and financing. In a...
Algeria makes important step on Islamic finance roadmap
Recent news that Bahrain-based Al Baraka Banking Group, which has banking branches across North Africa, received the prestigious “Best Islamic Financial Institution” award for its Algeria operations sheds light on...
Islamic Development Bank lists $737m sukuk on Nasdaq Dubai
IsDB lists first euro sukuk, has nine dollar sukuk listings on Nasdaq Dubai valued at a total of $11.8bn. Nasdaq Dubai has welcomed the listing of a 650 million euro...
Financing development projects in line with Kuwait vision: Al-Nahedh
KUWAIT CITY, Nov 12: Group Chief Executive Officer at Kuwait Finance House (KFH), Mazin Saad Al-Nahedh emphasized the role of Islamic finance instruments in providing effective financing solutions, indicating the...
Validity of cryptocurrencies in Islamic finance?
Unlike fiat money, a cryptocurrency is recognised only by members of a certain community or network who agree to regard it as something of value or as a medium of...
Third China-UAE conference on Islamic Banking & Finance concludes successfully amid international acclaim
UAE – The third China-UAE conference on Islamic Banking and Finance (CUCIBF III) concluded recently, with the participation of leading economic experts, bankers, decision and policy makers, investors and Islamic...
SBP plans deposit protection body for Islamic banks
Karachi The central bank recently unveiled a framework to protect depositors of Islamic banks in case of a financial institution’s bankruptcy, promising a protection to shariah-compliant banking deposits that hold...
Macroeconomic developments seen to benefit Takaful Malaysia
Maintain outperform with an unchanged target price of RM 4.85: We came away from a recent meeting with the management feeling reassured of Syarikat Takaful Malaysia Keluarga Bhd’s medium-term prospects. Although...
BIMB raised RM300m via sukuk to enhance Bank Islam's capital adequacy
KUALA LUMPUR (Nov 7): BIMB Holdings Bhd said it has issued the first tranche of its Sukuk Murabahah programme to raise RM300 million. In a statement to Bursa Malaysia today,...
The gaps within the growth of Islamic Banking and Finance
The modern variant of Islamic banking and finance as we now know, has been around for more than three decades, closing in on 40 years. There is no doubting that...
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