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London has potential to lead in Islamic finance, says IDB President

06 March, 2018      290

London has a huge opportunity to lead in Islamic finance and in the sukuk market, the president of the Islamic Development Bank said. “We have a real opportunity to recognise...

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Press Release: IWBF 2018 Successfully Aligns Waqf Development and Blockchain Technology

01 March, 2018      1478

Kuala Lumpur, 1st March 2018 – The International Waqf and Blockchain Forum (IWBF) concluded a successful discussion that saw the revival of what was once the hallmark of Muslim charitable...

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Press Releases: Bank Negara Malaysia issues policy document for digital currencies

27 February, 2018      291

Bank Negara Malaysia (“the Bank”) has today issued the Anti-Money Laundering and Counter Financing of Terrorism Policy for Digital Currencies (Sector 6) which has taken into account feedback received during...

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Press Release: Ansar Financial and Development Corporation Declares Dividend

25 February, 2018      406

PRESS RELEASE (PR) Ansar Financial and Development Corporation Declares Dividend Toronto February 12, 2018 Ansar Financial and Development Corporation (“AFDC”) announced today that its board of directors has authorized a...

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Develop Formal Governance Framework For Waqf - Sultan Nazrin

22 February, 2018      447

KUALA LUMPUR, Feb 22 (Bernama) -- The institution of waqf needs to develop its own formal governance framework in order to strengthen governance within waqf infrastructure and develop a broader...

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Retakaful sector remains embattled playground for Islamic finance

20 February, 2018      496

Islamic reinsurance, or retakaful, is faced with a challenging environment in a highly competitive reinsurance market, a new report issued by US-based business intelligence and insurance rating firm A.M. Best...

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Malaysian firm adds Islamic certification to cryptocurrency

20 February, 2018      289

Malaysia-based firm HelloGold has received a Syariah-compliant certification for its gold-backed cryptocurrency and plans to launch its online gold platform in Thailand later this year, the company said. PHOTO: BLOOMBERG...

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Rigorous screening of new hires in financial industry soon, says central bank

16 February, 2018      275

Bank Negara Governor Muhammad Ibrahim, in 2016, said Malaysian financial institutions should be the gold standard for good governance practices. – The Malaysian Insight file pic, February 16, 2018.  ...

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INCEIF to Collaborate with Palestine’s Al-Quds University

15 February, 2018      295

15 Feb, Kuala Lumpur – INCEIF today signed an MoU with Al-Quds University to establish a strategic working relationship to collaborate in various areas including education, research and human capital development,...

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VAT and Islamic finance: A complicated relation

14 February, 2018      220

Now that two countries in the Gulf Cooperation Council (GCC), Saudi Arabia and the UAE, introduced a value added tax (VAT) regime for the first time ever, and the others...

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