Islamic Banking and Takaful
news
iFintechs are taking Southeast Asia by storm
iFintechs, or, Islamic fintechs, are seeing rapid growth and opportunities in Southeast Asia. Malaysia, an ASEAN emerging economy of 32 million, was named the leader in the iFintech hubs maturity model. The ASEAN nation of 32 million boasts high growth and high conduciveness, according to the 2021 Global Islamic Fintech Report.
05 Oct 2021
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Syariah-compliant PayHalal partners Atome to enable Islamic buy-now-pay-later touchpoints
Shariah-compliant payment gateway PayHalal is partnering buy-now-pay-later platform Atome to enable murabaha buy-now-pay-later (iBNPL) acceptance across PayHalal’s merchant touchpoints first in Malaysia, before rolling it out in Indonesia in the coming months.
04 Oct 2021
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Matrade ensures SMEs' resilience during pandemic
SMEs have long been acknowledged as the engines of the country's economic growth and development, and are an important contributor to export growth.
04 Oct 2021
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MADCash empowers micro women entrepreneurs to grow their business
MADCash (Multiply Assist and Donate Cash) started firming up in 2019 when we were accepted into UNCDF Financial Innovation Lab. The initial idea of MADCash is to convert a one time donation into a perpetual donation with the concept of paying it forward as we created a technology platform that makes this process visible. We wanted donors to see who their donation was helping at any moment in time.” says Nuraizah Shamsul Baharin, managing director of Madcat World.
29 Sep 2021
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Halal industry to generate RM56b export revenue in 2025
The halal industry is expected to contribute 8.1 per cent to the country’s Gross Domestic Product (GDP) and generate RM56 billion export revenue in 2025 compared to RM30.6 billion in 2020, according to the 12th Malaysia Plan (12MP) document released by the Economic Planning Unit (EPU) Monday.
29 Sep 2021
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Affin Islamic partners Great Eastern Takaful to launch takaful plans
AFFIN Islamic Bank Bhd, a wholly-owned subsidiary of Affin Bank Bhd has collaborated with Great Eastern Takaful Bhd to launch its latest product, a series of takaful plans targeted to its customers called the Affin Vantage-i Series.
28 Sep 2021
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Moody's: Islamic banks can gain from consolidations
Moody’s Investors Service expects more Islamic banks to pursue mergers as smaller players are crowded out by large competitors.
22 Sep 2021
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The Philippines invites more investments from Malaysia in new growth sectors
The Philippines is inviting more Malaysian entrepreneurs and companies to invest in the country, specifically in emerging economic sectors prioritised by the government.
21 Sep 2021
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Fusionex Signs MoU with Alliance Islamic Bank to Accelerate SMEs’ Halal Business Growth
Artificial Intelligence and Big Data technology market leader Fusionex recently signed an MoU with Alliance Islamic Bank Berhad to boost the bank’s Halal in One program.
20 Sep 2021
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