Islamic Banking and Takaful
news
PPZ-MAIWP, RHB Islamic forge strategic partnership
The Zakat Collection Centre of the Federal Territory Islamic Religious Council (PPZ-MAIWP) has entered into a strategic partnership with RHB Islamic Bank Bhd to raise awareness on the importance of zakat through a holistic approach.
21 Apr 2022
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FWD Takaful launches FWD ADD Rider for accidental death, dismemberment
FWD Takaful Bhd has launched FWD ADD Rider, an added coverage designed to provide benefits upon accidental death and dismemberment (ADD), including medical expenses, financial and mental health coverage.
14 Apr 2022
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CIMB bags five awards in IFN Deals of the Year Awards 2021 and Best Banks Poll 2021
CIMB Group Holdings Bhd bagged five awards at the Islamic Finance News (IFN) Deal of the Year Awards 2021 and Best Banks Poll 2021.
13 Apr 2022
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Full-fledged bank in the making
Malaysian Industrial Development Finance Bhd (MIDF) is making another attempt at becoming a full-fledged bank. Can it make it this time?
11 Apr 2022
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BSP mulls lower capital for Islamic banks
The central bank is planning to reduce the required capital to set up an Islamic bank or Islamic banking unit (IBU), currently pegged at a minimum P3 billion up to P20 billion depending on the number of branches, to encourage local and foreign banks in the country to go into Islamic finance.
08 Apr 2022
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Malaysia remains top in global Islamic economy
Malaysia has emerged as the leading nation that best-supports the multi-trillion dollar global Islamic economy, according to DinarStandard in its State of the Global Islamic Economy Report 2022.
07 Apr 2022
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Govt aims to double microinsurance, microtakaful sign-ups by 2026, says Tengku Zafrul
The government aims to double the number of individuals signing up for microinsurance or microtakaful by 2026 under the Financial Sector Blueprint, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.
04 Apr 2022
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Moody’s: Malaysia’s Islamic banking sector on positive trajectory for growth
Malaysia's Islamic banking sector remains on a positive trajectory with ample room for growth, according to a new report by Moody’s Investors Service.
31 Mar 2022
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Gem of a takaful player
Syarikat Takaful Malaysia Bhd (STMB) offers investors a good opportunity, especially for a long-term play in the takaful industry.
30 Mar 2022
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