Copy
View this email in your browser
Salam and greetings from MIFC
 
The epicentre is back with exciting updates on news and events happening in the world of Islamic finance throughout the month of May, highlighting on Takaful. In Malaysia, according to Malaysian Takaful Association, the domestic takaful industry continued to achieve upward trend in 2018. To further promote the development of the industry, several initiatives have been introduced by various bodies aimed to provide protection for diverse beneficiaries including businesses and underserved Malaysians. The MIFC Team has produced an infographic on Takaful for your reference to better understand the offerings, principles and objectives of the latest initiatives for the industry. 

Ramadhan Kareem and Eid Mubarak,
The MIFC Team
Takaful Latest Initiatives in Malaysia
View Infographic
News

Malaysia's Takaful protection value increased in 2017 and 2018

The local takaful industry has continued to achieve an upward trend in 2018 in which the protection value has increased by 14.5% from 2017.
Read More
News

The IFSB issues Exposure Draft on Core Principles for Effective Islamic Deposit Insurance Systems

The IFSB issued the Exposure Draft on Core Principles for Effective Islamic Deposit Insurance Systems (CPIDIS) for a public consultation period. The objective of CPIDIS is to provide a set of core principles for the development and implementation of an effective Islamic deposit insurance system.
Read More
News

Biggest Q1 sukuk issuers Malaysia, Indonesia, Saudi - RAM Ratings

Global sukuk issuance hit USD39.5 billion for the first three months of 2019, a jump of 38% from the same period last year, according to Malaysia’s RAM Ratings. Malaysia, Indonesia and Saudi Arabia are the top three issuers, but Kuwait and Turkey will also drive the sukuk market this year.
Read More
News

Indonesia Unveiled Shariah Economic Master Plan 2019-2024

Indonesian Government has unveiled the Indonesian Islamic Economics Masterplan 2019-2024, which recommended four strategic steps with the goal of Indonesia becoming a major producer in the global halal industry by 2024.
Read More
News

BNM releases new Trade Credit Takaful policy document

Bank Negara Malaysia recently released Trade Credit Takaful policy document that sets out the Bank’s proposed requirements on the offering of trade credit takaful by licensed takaful operators to better meet the protection needs of businesses.
Read More
News

Takaful industry aiming for lower income group

The takaful industry is pushing for more affordable products targeting the B40 group such as Perlindungan Tenang, which is in line with the Bank Negara’s aspiration to close up the protection gap.
Read More
News

IFSB and ADB signed MoU to promote development of Islamic finance

The IFSB and the ADB signed a MoU to promote the development of the Islamic financial services industry in Asia and the Pacific.
Read More
News

Strong growth in the Islamic finance sector in 2019

Moody’s expects strong growth in the Islamic finance sector, reflecting the increasing demand for Shariah-compliant financial instruments.
Read More
Report

GCC Islamic banks will likely stay resilient

Islamic banks in the GCC are expected to show resilience over the next two years after weathering tough market conditions in 2018.
Read More
Islamic Finance Library
Islamic Finance Dashboard
Calendar of Events
Shariah: Risk, Review & Audit for Islamic Financing 
Date: 19 June 2019
Venue: Kuala Lumpur, Malaysia

For more information please click here
Other News
If you have enjoyed this issue of Epicentre or found it useful, feel free to forward it to a colleague or friend. If this newsletter was forwarded to you, and you would like to be added to the mailing list, subscribe here
Copyright © 2018 Bank Negara Malaysia. All rights reserved.
Please log on to www.mifc.com for more information. 

 
DISCLAIMER: The copyright and any other rights in the selection, coordination, arrangement and enhancement of the information in this electronic newsletter are owned by Bank Negara Malaysia. No part of this electronic newsletter may be modified, reproduced or published without prior permission in writing from Bank Negara Malaysia and the relevant copyright owner. Although every effort has been made to ensure the timeliness, accuracy, adequacy and completeness of this electronic newsletter, Bank Negara Malaysia accepts no responsibility or liability for errors or omissions, if any. The information contained in this electronic newsletter is only up-to-date at the time of transmission, and is not exhaustive and may be updated from time to time on the website: www.mifc.com. Bank Negara Malaysia shall not be liable for loss or damage caused by viruses transmitted by this electronic newsletter. Bank Negara Malaysia is not responsible for any unauthorised changes made to the information in this electronic newsletter or for the effect of such changes. Bank Negara Malaysia appreciates any feedback or suggestions for improvement.