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BNM: Takaful industry set to benefit from national economic plans

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BNM: Takaful industry set to benefit from national economic plans

The takaful industry in Malaysia is poised to benefit from several national economic plans, namely the National Energy Transition Roadmap and the New Industrial Master Plan 2030, alongside the Madani Economy: Empowering the People framework, said Bank Negara Malaysia (BNM).

27 Sep 2023

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Islamic banks need to create more value-based products

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Islamic banks need to create more value-based products

Islamic finance players need to create more value-based products to reach sustainability goals, a conference was told. 

26 Sep 2023

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Takaful industry strengthens foothold

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Takaful industry strengthens foothold

The takaful industry is poised to chalk up commendable growth and maintain its resilience despite the slower economic growth anticipated this year.

25 Sep 2023

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Workshop on ‘Promoting Islamic Social Finance and Accelerating the Growth of Halal Value Chain Ecosystem’

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Workshop on ‘Promoting Islamic Social Finance and Accelerating the Growth of Halal Value Chain Ecosystem’

Within the framework of the COMCEC-funded SESRIC Project on “Unleashing the Potential of Islamic Finance in Supporting MSMEs in the OIC Member Countries”, the Centre, in collaboration with Bank Indonesia (BI), Bank Negara Malaysia (BNM), Saudi Central Bank (SAMA) and the Central Bank of the Republic of Türkiye (CBRT), organised a Workshop on “Promoting Islamic Social Finance and Accelerating the Growth of Halal Value Chain Ecosystem” on 20-21 September 2023 in Kuala Lumpur, Malaysia.

22 Sep 2023

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Islamic finance needs to unlock innovations for economic, sustainability transformation - BNM

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Islamic finance needs to unlock innovations for economic, sustainability transformation - BNM

The Islamic financial sector needs to unlock impactful innovations for economic and sustainability transformation as well as double down on value-based finance to deliver more tangible impact, said Bank Negara Malaysia (BNM).

20 Sep 2023

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Malaysia As A Global Leader In The HALAL Industry

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Malaysia As A Global Leader In The HALAL Industry

Malaysia as a leader in the global halal economy has been emphasised by Prime Minister Datuk Seri Anwar Ibrahim himself during the launch of the Global Halal Summit (GHaS) 2023 in Kuala Lumpur on Sept 12.

15 Sep 2023

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Uganda issues first Islamic banking licence

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Uganda issues first Islamic banking licence

Uganda’s central bank has issued its first Islamic banking licence since the country passed legislation to accommodate syariah-compliant finance activities in June.The licence went to Salaam Bank Ltd, a unit of Djibouti-based Salaam African Bank, the Bank of Uganda said in a statement.

11 Sep 2023

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Expert calls for economic growth, ethics principle for a develop Islamic nation

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Expert calls for economic growth, ethics principle for a develop Islamic nation

The Islamic market economy can play a vital role in developing Islamic nations, said Dr Mohamed Nouri, a member of Paris-Europlace Islamic Finance.

08 Sep 2023

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Short-term interbank rates close steady on Bank Negara operations

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Short-term interbank rates close steady on Bank Negara operations

Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

08 Sep 2023

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Driving halal sector to global heights

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Driving halal sector to global heights

The Malaysia Halal Expo 2023 (MHE), which aims to strengthen the domestic halal market, is expecting to generate between RM3mil and RM5mil in sales.

05 Sep 2023

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Russia is set to launch Islamic banking: All you need to know

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Russia is set to launch Islamic banking: All you need to know

Russia is launching Islamic banking for the first time as part of a two-year pilot programme on September 1.

05 Sep 2023

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Fadillah: Salihin Academy to help develop professionals in Islamic banking, finance

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Fadillah: Salihin Academy to help develop professionals in Islamic banking, finance

The establishment of the Salihin Academy will help provide educational and training solutions, to develop professionals in Islamic banking and finance, business management, digital automation, analytics and accounting solutions, said Deputy Prime Minister, Datuk Seri Fadillah Yusof.

29 Aug 2023

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