Islamic Banking and Takaful
news
Malaysian takaful industry grows 18.3% in 2022 on higher demand for Islamic finance — MTA
Malaysia’s takaful industry recorded a strong performance in 2022, driven by increasing demand for Islamic finance products and the acceptance of takaful products as preferred protection schemes, said the Malaysian Takaful Association (MTA)
14 Apr 2023
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news
RHB Islamic Bank in financial inclusivity drive
RHB Islamic Bank Bhd aims to promote financial inclusivity among Malaysian youths, especially university students, through the Kad Prihatin Siswa Project.
12 Apr 2023
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press release
Bank Islam inked a Memorandum of Understanding (MoU) with BUMITRA to provide financial solutions for prospective hajj pilgrims
Bank Islam Malaysia Berhad (Bank Islam) inked a Memorandum of Understanding (MoU) with Persatuan Syarikat Pengendalian Pelancongan Bumiputera Malaysia (BUMITRA) to provide financial solutions for prospective hajj pilgrims intending to subscribe to hajj package via 22 Pengelola Jemaah Haji (PJH) companies appointed by Lembaga Tabung Haji (TH), who are also members of BUMITRA.
07 Apr 2023
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press release
EPF members can apply for Account 2 Support Facility through MBSB Bank’s shariah-compliant Ihsan-i beginning 7 April
MBSB Bank Berhad (MBSB Bank), an Islamic Bank licensed under the Islamic Financial Services Act 2013 (IFSA) offers shariahcompliant facility Ihsan-i to the members of Employees Provident Fund (EPF) for the Account 2 Support Facility (FSA2) beginning 7 April 2023.
07 Apr 2023
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press release
Bank Islam Partners With Yayasan Didik Negara
Bank Islam Malaysia Berhad (Bank Islam) yesterday exchanged a Memorandum of Understanding (MoU) with Yayasan Didik Negara (YDN) to support MOE’s role in fulfilling the nation’s educational needs.
05 Apr 2023
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news
Islamic banking industry seeks to grow alternatives to commodity-based shariah contract - BNM
Islamic banking activities’ resilience to the risk of extreme supply shocks in global commodity markets will be further enhanced by reducing tawarruq (commodity-based) concentrations through diversification into non-commodity-based Shariah contracts.
03 Apr 2023
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news
Foster payment solutions to advance Islamic fintech
Islamic finance is a rapidly growing sector and increasing in popularity, particularly in Muslim-majority countries like Malaysia.
03 Apr 2023
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news
Bank Negara: Insurers, takaful operators expected to deploy digital apps in 2023-2024 to improve motor claims experience
In its Annual Report 2022, the central bank said this initiative would enable consumers to conveniently manage all aspects of their claims journey digitally from notifying an ITO of the accident to receiving the repaired vehicle.
31 Mar 2023
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news
Insurance, takaful sector to remain resilient on strong capital, liquidity positions - Bank Negara
The insurance and takaful sector is expected to remain resilient, supported by strong capital and liquidity positions.
31 Mar 2023
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