Islamic Banking and Takaful
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Moody's - Takaful premiums to rise as demand grows for medical cover
Growth prospects for Islamic insurance, or takaful, remain healthy in the Gulf Cooperation Council (GCC) countries, Africa and southeast Asia, helped by their large Muslim populations, relatively low insurance penetration and rising demand for medical cover, Moody's Investors Service said in a report today.
11 Jun 2021
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Malaysia: Takaful looks to lead the way in sustainability
The pandemic has accelerated a shift towards a more 'values-based' approach to takaful backed by a greater commitment towards the ESG and sustainability agenda, said Malaysian Takaful Association chairman Elmie Najas at the virtual Takaful Rendezvous meet yesterday.
11 Jun 2021
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The IFSB Admits New Regulator into Its Membership
The Council of the Islamic Financial Services Board (IFSB) has today during its 38th meeting resolved to approve the admission of another regulatory and supervisory authority into the IFSB membership.
10 Jun 2021
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HSBC Amanah publishes first TCFD report for Malaysia’s financial industry
HSBC Amanah Malaysia Berhad (HSBC Amanah) has today announced the publishing of its Task Force on Climate-related Financial Disclosures (TCFD) report - the first of its kind amongst banks in Malaysia.
10 Jun 2021
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Bank Syariah Indonesia aims to double assets by targeting religious millennials
Bank Syariah Indonesia (BSI), the country's biggest Islamic lender, plans to cater to a growing community of more religious millennials to help double its assets within three to four years, its chief executive told Reuters.
09 Jun 2021
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Ethiopia: Zamzam-First Full-Fledged Non-Interest Bank Goes Operational
ZamZam Bank, the nation's first fully-fledged, interest-free bank (IFB) to obtain operating license from the National Bank of Ethiopia (NBE), officially launched yesterday its main branch that makes the firm the pioneer to operate under Sharia compliance, barred all forms of interest.
09 Jun 2021
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IsDBI - Al Maali report spotlights leveraging fintech to bridge Islamic finance and sustainability
Technological advances combined with big data, artificial intelligence and distributed ledger technologies are opening new avenues for Islamic finance to achieve its objectives of integrating finance with productive activities and reflecting the moral values by adhering to its principles for good and sustainable outcomes.
04 Jun 2021
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S&P Global: Islamic banks to drive Malaysia’s overall banking growth
S&P Global Ratings expects the overall banking growth in Malaysia to be mainly driven by Islamic banks which have been growing at a robust pace in the past decade.
03 Jun 2021
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Pertama Digital partners Infopro in digital bank venture
Pertama Digital Bhd has onboarded banking-as-a-service provider Infopro Sdn Bhd in its consortium to apply for a digital bank licence from Bank Negara.
02 Jun 2021
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