The Malaysian Takaful Association (MTA) has launched the Value-based Intermediation for Takaful (VBIT) Roadmap 2022 outlining the the desired outcomes, recommended initiatives that can be implemented, key performance indicators and providing a detailed timeline on the implementation.
09 Nov 2022
Five years after the introduction of Value-based Intermediation (VBI) in July 2017, Malaysian VBI community has made significant progress and steady growth. In 2021, the community has achieved the following progress, premised on four key themes.
05 Sep 2022
The Financial Sector Blueprint 2022 – 2026 sets out BNM's development priorities for the financial sector over the next five years. One of the thrusts includes“Advance value-based finance through Islamic finance leadership”with key area of sharpening Malaysia’s proposition as an international gateway for Islamic finance, among others.
11 Mar 2022
A new biennial award introduced in conjunction with The Royal Award for Islamic Finance 2022 to expand support for impactful initiatives via Islamic finance. Themed ‘Advancing the Sustainability Agenda’, this inaugural award seeks to acknowledge the most outstanding initiatives that strengthen the economic and social resilience of financially impacted communities around the world through Islamic finance.
07 Jan 2022
The framework acts as a guideline for Takaful Operators (TOs) in their implementation of Value-based Intermediation for Takaful (VBIT) by outlining the best conduct and practices in the industry. The framework is relevant to Family Takaful, General Takaful and Retakaful Operators.
09 Aug 2021
The first cohort of Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guides has been developed with the industry via the VBI Community of Practitioners (CoP), focusing on palm oil, renewable energy and energy efficiency.
04 Jun 2021
The infographic on Islamic finance in Malaysia encapsulates the following summary: 1. A snapshot of Islamic banking, takaful and Islamic capital market in Malaysia; 2. Malaysia's diverse set of players; and 3. Key milestones/innovation in Islamic financef focus
02 Mar 2021
The global sukuk market in 2020 registered USD174.2 billion total issuance (2019: USD157.8 billion), while the global outstanding sukuk as at end 2020 stood at USD572.6 billion (+16.5% from 2019). Sovereign, quasi sovereign and supranational issuance contributed 62.1% share out of total global issuance.
10 Feb 2021
The recently launched State of the Global Islamic Economy Report 2020/21 (the Report) estimated that Muslims spending on Islamic economy sectors reached USD2.02 trillion and Islamic finance assets recorded at USD2.88 trillion in 2019. The global Muslims spending is forecasted to decrease by 8% in 2020 due to the pandemic. The Report also highlighted that Malaysia leads the overall Global Islamic Economy Indicator (GIEI) rankings for eighth consecutive year. This includes retaining its top position for Islamic finance sector alongside three other sectors.
08 Dec 2020
Utilising Islamic finance solutions for your business provides benefits such as attracting additional investors, strengthening company branding, improving financial management and enhancing sales. Malaysian Islamic financial institutions including Islamic banks and takaful operators are able to cater your business needs for every stage of a business cycle.
22 Oct 2020