Islamic Banking and Takaful
Malaysia and Iran to boost their respective takaful industry
The Malaysian Takaful Association (MTA) on Tuesday signed a Memorandum of Agreement (MOA) with the Iranian Insurance Research Centre (IRC) to collaborate on knowledge-based takaful enrichment programmes.
20 Jan 2023Read more
Hong Leong Islamic Bank provides financing for micro-entrepreneurs
Hong Leong Islamic Bank (HLISB) has rolled out a social finance initiative, HLB Jumpstart – Micro Business.
20 Jan 2023Read more
Short-term interbank rates end stable on Bank Negara operations
Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.
16 Jan 2023Read more
Takaful Malaysia enters five-year bancatakaful arrangement with Affin Islamic
Syarikat Takaful Malaysia Keluarga Bhd has entered into a five-year bancatakaful service arrangement with Affin Islamic Bank Bhd starting Jan 1, 2023, with an option for the bank to extend another five years.
12 Jan 2023Read more
Islamic Development Bank Group Commits to Supporting "Climate Resilient Pakistan" with US$4.2 Billion in Financing
Islamic Development Bank Group (IsDB) President and Group Chairman, H.E. Dr. Muhammad Al Jasser, announced a US$4.2 billion IsDB Group commitment to support Pakistan's climate resilience efforts and development agenda and the country vision 2025 over the next three years including US$ 600 ordinary capital resources from IsDB Group. He made the announcement today at the International Conference on Climate Resilient Pakistan in Geneva, addressing the devastating effects of Pakistan's recent floods.
11 Jan 2023Read more
Zurich introduces two medical riders to provide accessible health services to Malaysians
Zurich Malaysia today announced two new medical riders catering to different customer needs to provide greater access to medical plans for peace of mind.
10 Jan 2023Read more
Malaysia:Central bank seeks to update medical insurance requirements
Bank Negara Malaysia (BNM) has released an exposure draft setting out the Bank's proposed requirements and guidance in carrying on the medical and health insurance/takaful (MHIT) business.
06 Jan 2023Read more
Steady growth for life, family takaful
The new business premiums (NBPs) for the life and family takaful industry is anticipated to chalk up a higher single-digit growth in the second half of 2022 and 2023 amid the challenging market conditions, says RAM Rating Services Bhd.
03 Jan 2023Read more
MTA, INCEIF University collaborate to develop Maqasid-based scorecard for the Malaysian takaful industry
The Malaysian Takaful Association (MTA) is collaborating with INCEIF University to develop the first-ever value-based intermediation (VBIT) scorecard for takaful on the basis of Maqasid al-Shariah (objectives of the Shariah) through industry-driven research.
12 Dec 2022Read more