Islamic Banking and Takaful
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Govt allocates RM12.63 mil for halal industry development in 2022
The government has allocated RM12.63 million for next year to strengthen further the national halal industry’s development, said Deputy International Trade and Industry Ministry Minister Datuk Lim Ban Hong.
14 Dec 2021
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Blockchain – embracing the technology for change
Malaysia’s top ranking in the Islamic Finance Development Indicator (IFDI) 2021 is a recognition of the solidity of the industry in the country, despite the challenges of the pandemic.
02 Dec 2021
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Takaful industry on progress mode
The Malaysian takaful industry recorded strong growth in the family takaful and general takaful businesses in the first half (H1) of 2021 compared to the same period in 2020 despite the challenges posed by the Covid-19 pandemic.
02 Dec 2021
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Deloitte Malaysia: Budget 2022 proposals fairly positive for takaful industry
Budget 2022 has proposed changes that are fairly positive for the takaful industry but nothing particularly impactful for the conventional insurers, said Deloitte Malaysia today.
30 Nov 2021
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Standard Chartered ‘Saadiq’ launches $100 million to support Islamic finance companies
Standard Chartered ‘Saadiq’ announced, in collaboration with the Malaysian Halal Development Corporation, the launch of a $100 million Islamic financial programme dedicated to supporting SMEs, Corporates and Multi-nationals across Asia, the Middle East and Africa with a focus on some of the key halal markets such as the UAE, Saudi Arabia, Malaysia, Bahrain, Bangladesh and Pakistan.
22 Nov 2021
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Affin bank is the first malaysian bank globally recognised by ifc for its sme-centric digital tool
In its pursuit to become the “Bank of Choice” for small & medium enterprises (SMEs), Affin Bank Berhad, together with Affin Islamic Bank Berhad (“AFFIN BANK” or “the Bank”), has set the record by becoming the first Malaysian bank globally recognised at the Global SME Finance Awards 2021 with an Honorable Mention in the “Product Innovation of the Year” category for its SME Colony mobile application, the Bank’s forefront digital tool in serving SMEs comprehensively.
19 Nov 2021
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HDC, StanChart in US$100mil pact to commercialise halal platform
The Halal Development Corporation Bhd (HDC) and Standard Chartered Saadiq have teamed up entered to commercialise the former's Halal Integrated Platform (HIP).
19 Nov 2021
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BNM, ASEAN partners to develop regional taxonomy that caters to members' unique economic transition path
Bank Negara Malaysia (BNM), together with its ASEAN partners, will steer the ASEAN Climate Change and Principle-based Taxonomy (CCPT) board to develop a regional taxonomy that caters to the differences in each member state’s unique financial system and economic transition path.
09 Nov 2021
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Shariah, ESG investing start to converge: RHB Research
Shariah investing will not merely consider compliance alone in the future but will go beyond, taking into account social and environmental impacts, RHB Research analyst Alexander Chia said.
09 Nov 2021
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