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Islamic Banking and Takaful

How are OIC markets, Islamic finance responding to growing youth demographic?

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How are OIC markets, Islamic finance responding to growing youth demographic?

Younger consumers are driving changes in global markets with their distinct preferences and habits.

16 Jun 2022

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The ESG potential of Islamic finance

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The ESG potential of Islamic finance

It is fair to say that the internationally agreed shift towards environmental, social, and governance (ESG) issues is showing signs of strain resulting from an uneven global approach, the war in Ukraine, and increasing economic challenges.

16 Jun 2022

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Bank Islam, Visa launch limited-edition FIFA-themed Credit Card-i

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Bank Islam, Visa launch limited-edition FIFA-themed Credit Card-i

Bank Islam Malaysia Bhd in partnership with Visa, has launched the Visa FIFA-themed 2022 Credit Card-i to celebrate one of the world’s biggest sporting event.

16 Jun 2022

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CIMB commits RM100mil in financing to drive adoption of sustainable practices

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CIMB commits RM100mil in financing to drive adoption of sustainable practices

CIMB Group has committed RM100 million in financing through the Low Carbon Transition Facility (LCTF) to encourage and empower businesses to adopt low carbon and sustainable practices for business resilience.

08 Jun 2022

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Takaful Malaysia aims to maintain market leadership on product offerings

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Takaful Malaysia aims to maintain market leadership on product offerings

Syarikat Takaful Malaysia Keluarga Bhd plans to continue its market leadership in bancatakaful, treasury, employee benefits, and general takaful.

03 Jun 2022

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Pakistan pushes ahead with full implementation of Islamic finance

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Pakistan pushes ahead with full implementation of Islamic finance

Finance Minister Miftah Ismail has said Pakistan was moving in the right direction to convert from conventional banking to full-fledged Shariah-compliant banking as it pushed ahead with the Federal Shariat Court’s ruling that an Islamic country’s economic system should be interest-free.

02 Jun 2022

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A look at the digital bank plans of AEON Credit, Al Rajhi and Bank Islam

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A look at the digital bank plans of AEON Credit, Al Rajhi and Bank Islam

BANK Negara Malaysia may have awarded only five digital bank (DB) licences recently, but there are certainly more DBs coming into the market, especially in the Islamic space.

01 Jun 2022

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Affin Bank promotes renewable energy via Affin Solar FInancing-i

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Affin Bank promotes renewable energy via Affin Solar FInancing-i

Affin Bank Bhd and Affin Islamic Bank Bhd have launched AFFIN Solar Financing-i, a sustainable and personal financing plan for retail customers to purchase and install Solar Photovoltaic System (SPV) at residential and nonresidential properties.

01 Jun 2022

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Pakistan: Islamic banks to outpace conventional ones

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Pakistan: Islamic banks to outpace conventional ones

The banking sector is on the rise in Pakistan, but Shariah-compliant banks are leapfrogging and set to outpace the conventional banks in the coming years, as more banks are anticipated to apply for Islamic banking licences.

30 May 2022

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