Islamic Banking and Takaful
news
Southeast Asia's Islamic banking market set for 8% growth, says S&P
Southeast Asia's US$290 billion (about RM1.27 trillion) Islamic banking market is poised to grow at a compound annual growth rate of about 8% over the next three years, primarily led by Malaysia and Indonesia.
12 May 2022
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news
RAM Ratings: Stable outlook from insurance and takaful sector
RAM Ratings has maintained a stable outlook on Malaysia’s insurance and takaful sector despite volatile investments and claims normalisation leading to the endemic.
11 May 2022
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news
Sun Life targets new segments
Sun Life Malaysia believes the growth potential in Malaysia's family takaful category will continue strong, owing to increased knowledge of takaful, digitalisation, and government efforts.
09 May 2022
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Short-term rates end stable on Bank Negara’s operations
Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
09 May 2022
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press release
Five successful applicants for the digital bank licences
Bank Negara Malaysia (BNM) wishes to announce the five successful applicants for the digital bank licences as approved by the Minister of Finance Malaysia.
05 May 2022
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BSP to strengthen collaboration for Islamic banking
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said they will continue to work with the private sector as well as other government agencies to push for Islamic banking until a “viable” Islamic finance ecosystem is in place alongside the conventional banking sector.
05 May 2022
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news
HDC to introduce Waqf fund to assist MSMEs
Halal Development Corporation Bhd (HDC) will introduce a waqf fund to assist micro, small and medium enterprises (MSMEs) in developing the halal economy in the country, tentatively scheduled for July.
28 Apr 2022
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news
Takaful penetration rate rises to 18.6% in 2021 despite pandemic
Malaysia's takaful industry penetration rate rose to 18.6% last year from 16.9% recorded in 2020, according to the Malaysian Takaful Association (MTA).
26 Apr 2022
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news
ARBM, Moneythor to implement PFM features in digital bank
Al Rajhi Bank Malaysia (ARBM), a subsidiary of Al Rajhi Bank of Saudi Arabia has selected Moneythor, a leading digital banking solution provider to implement innovative personal financial management (PFM) features in its upcoming digital bank in Malaysia.
26 Apr 2022
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