Islamic Banking and Takaful
news
Meeting in Saudi Arabia seeks to boost food security via Islamic finance
Food security was the main topic during Association of National Development Finance Institutions in Member Countries of the Islamic Development Bank (Adfimi)’s 76th management committee meeting and 40th general assembly meeting in Jeddah, Saudi Arabia.
29 May 2023
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IsDBI and Islamic Financial Services Board launch ‘Islamic Financial Services Industry Development Ten-Year Framework and Strategies’
The Islamic Development Bank Institute (IsDBI) has teamed up with the Islamic Financial Services Board (IFSB) to launch the report: ‘Islamic Financial Services Industry Development Ten-Year Framework and Strategies: A Final Review.’
18 May 2023
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Moody's expects Malaysia's strong Islamic finance growth to continue for next 12 to 18 months
Moody’s Investors Service (Moody’s) expects strong Islamic finance growth in Malaysia to continue over the next 12 to 18 months supported by more government initiatives and digital banking.
18 May 2023
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Strong demand for Islamic banking products
The Islamic banking industry in South-East Asia is expected to expand by 8% over the next few years underpinned by a robust demand for Islamic products and services as well as low penetration rate particularly in Indonesia.
05 May 2023
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STMKB optimistic about expanding market share
Syarikat Takaful Malaysia Keluarga Berhad (STMKB) is optimistic about expanding its market share and undertaking its high-performance journey to achieve sustainable top and bottom line growth.
03 May 2023
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Impact of rising funding costs is greater on Islamic banks, says Moody’s
As bank deposit rates move up to reflect rises in the overnight policy rate (OPR), Islamic lenders will feel the impact of tighter funding costs more so than their conventional counterparts, according to Moody’s Investors Service.
03 May 2023
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Maybank Islamic seeks to grow Islamic Wealth Management client base to 100,000 in two years
Maybank Islamic Bhd, which managed assets under management (AUM) of about RM65.2 billion for 60,000 clients under its Islamic Wealth Management (IWM) division as at February this year, aims to expand the client base to 100,000 in two years.
03 May 2023
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Takaful operators urged to offer suitable products for gig economy workers
The Malaysian Takaful Association (MTA) would like takaful operators in Malaysia to offer affordable takaful products suitable for the risk needs of gig economy workers.
17 Apr 2023
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Takaful players ready to assist govt’s 'Insurans Rahmah' initiative
The Malaysian Takaful Association (MTA) said that the country’s takaful players are ready to assist the government’s plan to introduce the 'Insurans Rahmah' or Rahmah Insurance initiative.
14 Apr 2023
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