News & Update
Submit Press ReleaseUTP campus cares for poor students through zakat and waqaf unit
Student welfare at Universiti Teknologi Petronas (UTP) is strengthened by the contributions of its generous alumni to its zakat fund. The impact was immediate. A recently formalised zakat-funded mechanism to support financially-challenged students...
Islamic banking on the rise in UAE, says study
Islamic banks are outperforming their conventional peers in customer acquisition with 55 per cent of the UAE consumers now having at least one Islamic banking product, compared to 47 per...
Workshop shares knowledge on effective Islamic banking system, operations
UNIVERSITI Islam Sultan Sharif Ali (UNISSA) through its Faculty of Islamic Economics and Finance in collaboration with the Centre for Leadership and Lifelong Learning held the World Banking System Training...
Kenya Re head hunts Re-takaful unit manager
Kenya Reinsurance Corporation (Kenya Re) is seeking to hire an Islamic re-insurance focused executive as it looks to tap more opportunities in the budding sector. The Nairobi Securities Exchange (NSE)-listed...
Roland Berger among partners for launch of Islamic fintech centre in Bahrain
Global consultancy Roland Berger has partnered with Bahrain FinTech Bay in the launch of the new Global Islamic & Sustainable FinTech Center in Bahrain. Officially established at the beginning of this...
Zakat harta di Melaka meningkat lebih RM62.9 juta
MELAKA - Kutipan zakat harta di Melaka mencatatkan peningkatan kepada lebih RM62.9 juta bagi tempoh Januari hingga 24 Oktober berbanding RM62.32 juta dalam tempoh yang sama pada tahun sebelum ini....
Takaful Malaysia 3Q net profit leaps 73% on higher net wakalah fee income
KUALA LUMPUR (Oct 25): Syarikat Takaful Malaysia Keluarga Bhd has posted a 73% jump in net profit to RM83.96 million or 10.19 sen per share for its third quarter ended...
Bank Muamalat manages more than RM20m in waqf fund
KUALA LUMPUR: Bank Muamalat Malaysia Bhd has managed more than RM20 million of waqf fund to-date under its MyWakaf initiative launched last year. Chief Executive Officer Datuk Mohd Redza Shah...
Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs
DUBAI, Oct 24 (Reuters) - Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over...
Islamic finance’s growing impetus in Africa
Moody’s has identified 18 African countries that have the greatest potential for growth in sukuk issuance and Islamic banking. Over the last five years, Islamic finance has seen massive expansion...
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