News & Update
Submit Press ReleaseSBP 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...
Hesitant policies are seen holding back Islamic finance growth in Egypt
The decision of Egypt’s newly appointed Finance Minister Mohamed Maait to issue the first-ever international sukuk in the country’s next fiscal year – at a so far unspecified volume, but...
With zakat, Muslims have the power to change the world
Today, UNHCR, the United Nations Refugee Agency, faces an unprecedented challenge. At a time when the world is struggling with refugee crises on an unprecedented scale, the agency, which for...
Nasdaq Dubai looks to expand Islamic finance platform
Nasdaq Dubai is planning to further expand the user base of its Islamic finance offering after exceeding $100 billion mark in transactions dealt on the Murabaha platform. “Customers of Sharia-compliant and...
Study investigates banking 'code breakers'
Islamic banks face new competition such as the introduction of risky derivatives into their markets. An ‘identity buffer’ makes them more likely to diverge from traditional Islamic codes, says a...
Tenaga 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...
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