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Sedania partners Wasiyyah Shoppe to market ‘hibah’ mortgage solution
Sedania As Salam Capital Sdn Bhd, the (financial technology) fintech arm of Sedania Innovator Bhd, has been roped in as Wasiyyah Shoppe Bhd’s exclusive partner to introduce “hibah”, trust services and other Islamic estate management services to financial services institutions and enterprises.
07 Mar 2023
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Efficient fintech to lead M’sia into RM12.5t halal market
THE Malaysian digital financial service providers including financial technology (fintech) are urged to collaborate to take advantage of the country’s top position as the world’s most robust Islamic economy ecosystem.
06 Mar 2023
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Bigger plans for sukuk
In a bid to diversify its sources of finance, the government issued Egypt’s first sukuk (Islamic bonds) offering of $1.5 billion last week. The offering was fourfold oversubscribed, wetting appetites for more Sharia-compliant offerings, with the Ministry of Finance also revealing three-year plans to raise a further $5 billion through this kind of bonds.
01 Mar 2023
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Takaful growing faster than conventional insurance
Malaysia's takaful industry has continued to grow at a faster rate than conventional insurance. It recorded a compound annual growth rate (CAGR) of 20.6% in the first nine months of 2022 (9M22) and outperformed conventional insurance’s CAGR of 10.8%, according to AmInvestment Bank Bhd (AmBank Research).
21 Feb 2023
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Association of Islamic Banking and Financial Institutions Malaysia inks strategic collaboration with ELMU Education Group
In line with the increasing pressure on organisations to instil and embed integrity and corporate governance in the midst of post pandemic recovery, the need for a strong culture of professionalism, integrity and governance across the financial services industry becomes more apparent to continuously strengthen the public’s confidence and trust in the financial system. Today, the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) represented by President and Group Chief Executive Officer, Bank Islam Malaysia Berhad, En. Mohd Muazzam Mohamed and ELMU Education Group (ELMU Group) represented by Chief Executive Officer, Dr. Kassim Noor Mohamed exchanged the Memorandum of Collaboration (MoC) witnessed by Datuk Sri Ahmad Khusairi Yahaya, Deputy Chief Commissioner(Operations) on behalf of the Malaysian Anti Corruption Chief Commissioner, YBhg. Tan Sri Dato’ Sri Azam Baki at Sasana Kijang, Kuala Lumpur.
16 Feb 2023
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