Islamic Banking and Takaful
news
Malaysia ready to become a global leader in Islamic fintech
The Islamic fintech sector is undergoing rapid digitalisation, matching the speed of the digital transformation of the global finance industry.
03 Jan 2022
Read more
news
SBP Introduces Shariah Compliant Open Market Operations For Islamic Banking
In line with State Bank’s strategic plan to improve Liquidity Management Framework for Islamic Banking industry and enhance the effectiveness of monetary policy implementation, SBP has introduced Shariah Compliant Standing Ceiling Facility and Open Market Operations (injections) for Islamic Banking Institutions (IBIs).
31 Dec 2021
Read more
news
Takaful Ikhlas expedites claims process for flood victims
Takaful Ikhlas General Bhd, a wholly-owned subsidiary of MNRB Holdings Bhd, has taken a proactive step to assist its house-holder and Home Protect Takaful certificate holders who have been affected by the recent flood.
27 Dec 2021
Read morenews
Fintech and the rise of Islamic finance
When it comes to fintech innovation, most conversations typically revolve around the diversification of a sector once dominated by legacy institutions.
24 Dec 2021
Read more
news
Kenanga allocates US$7.1 mil for SMEs looking to raise Islamic Financing on CapBay’s P2P platform
In a boost for SMEs seeking shariah compliant financing, Bay Group Holdings Sdn Bhd, which operates as CapBay, a Malaysian multi-bank supply chain finance and peer-to-peer financing (P2P) platform has secured US$7.1 million (RM30 million) investment from Kenanga Capital Islamic Sdn Bhd (KCI), a subsidiary of Kenanga Investment Bank Bhd (KIBB). The fund injection is a step forward to growing CapBay’s Shariah-compliant Supply Chain Finance arm, CapBay Islamic, which is approved for Shariah-compliant P2P financing by the Securities Commission Malaysia (SC).
23 Dec 2021
Read more
news
Finance minister: Benefit payment for mySalam rises six-fold to RM76.9m in 2020
The benefit payment for mySalam scheme for hospitalisation and critical illnesses have increased six-fold to RM76.9 million in 2020, and subsequently rose to RM120.9 million for the first 11 months of 2021.
22 Dec 2021
Read more
news
Banking sector to be competitive with more digital players
Digital banking new entrants that are able to offer meaningful products primarily in terms of assets and that demonstrate a high level of trust will pose a threat to incumbent banks.
22 Dec 2021
Read more
news
On track to be a global Islamic economy and finance hub
Malaysia is on track to realise its full potential as a Islamic economy and finance hub in the Asean region and beyond, says Tan Sri Muhyiddin Yassin.
17 Dec 2021
Read more
news
Labuan IBFC could expand Malaysia’s Islamic fintech
The Labuan International Business and Financial Centre (Labuan IBFC) can become a platform to expand Malaysia’s capabilities in digital Islamic finance and the government is prepared to collaborate with relevant stakeholders to realise the goal, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.
17 Dec 2021
Read more
The MIFC logo is a registered trademark in Malaysia.
