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Egypt: FRA issues rules for takaful companies seeking to convert operations to traditional commercial insurance
Dr Mohamed Farid Saleh, chairman of the Financial Regulatory Authority (FRA) has issued a decision (No. 194 of 2022) regarding rules and procedures for revising the licensing of takaful companies to allow them to operate in the traditional commercial insurance system in the Egyptian market. The decision was published in the Official Gazette on 29 January 2023.
03 Feb 2023
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Islamic Development Bank Group Commits to Supporting "Climate Resilient Pakistan" with US$4.2 Billion in Financing
Islamic Development Bank Group (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, announced a US$4.2 billion IsDB Group commitment to support Pakistan's climate resilience efforts and development agenda and the country vision 2025 over the next three years including US$ 600 ordinary capital resources from IsDB Group. He made the announcement today at the International Conference on Climate Resilient Pakistan in Geneva, addressing the devastating effects of Pakistan's recent floods.
11 Jan 2023
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More investment, flourishing bilateral trade mark PM's official visit to Qatar
Malaysia’s Prime Minister Datuk Seri Ismail Sabri Yaakob’s official visit to Qatar has been fruitful for the country with more investment, flourishing bilateral trade and potential for collaboration in an array of sectors, namely the halal industry, Islamic banking and renewable energy.
30 Mar 2022
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press release
Bangko Sentral ng Pilipinas (BSP) Issues Reporting Guidelines for Islamic Banking Transactions
The Bangko Sentral ng Pilipinas (BSP) has approved the prudential reporting framework for Islamic Banks (IBs) and Islamic Banking Units (IBUs) as part of its initiatives to promote Islamic banking in the country. The reporting framework sets the accounting treatment of common Islamic banking arrangements.
29 Mar 2022
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INTERVIEW: Musa Hitam, the chair of the jury panel of The Royal Award for Islamic Finance
The Royal Award for Islamic Finance (The Royal Award) is one of the most prestigious awards in Islamic finance, honoring some of the most outstanding luminaries in the industry for their unparalleled contributions.
22 Mar 2022
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