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Islamic social finance a tool for development and economic inclusion

31 October, 2018      471

A range of stakeholders in the Islamic finance industry is increasingly seeking to tap Islamic social finance in order to unlock the social potential it has for underprivileged, unbanked, underfunded...

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Islamic banking key to financing China’s Belt and Road

31 October, 2018      441

China’s $5 trillion “Belt and Road” presents opportunities for Islamic banks to plug a sizeable funding gap, as the Asian superpower signs up more Muslim-majority nations to its transcontinental economic...

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UTP campus cares for poor students through zakat and waqaf unit

30 October, 2018      693

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...

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Islamic banking on the rise in UAE, says study

30 October, 2018      405

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...

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Workshop shares knowledge on effective Islamic banking system, operations

29 October, 2018      463

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...

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Kenya Re head hunts Re-takaful unit manager

29 October, 2018      328

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...

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Roland Berger among partners for launch of Islamic fintech centre in Bahrain

26 October, 2018      360

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...

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Zakat harta di Melaka meningkat lebih RM62.9 juta

26 October, 2018      698

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....

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Takaful Malaysia 3Q net profit leaps 73% on higher net wakalah fee income

26 October, 2018      732

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...

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Bank Muamalat manages more than RM20m in waqf fund

25 October, 2018      392

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...

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