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Bank Islam’s SME Smart ECO enables businesses to adopt green technology
SINCE the Finance Ministry announced the country’s aim to achieve net-zero greenhouse gas (GHG) emissions by 2050 under the 12th Malaysia Plan (12MP) 2021-2025, many big corporate players started to take on low-emission and renewable-energy initiatives to support this goal.
30 Jan 2023Read more
MBSB Bank, CelcomDigi explore collaboration to develop smart banking solutions
MBSB Bank Bhd and CelcomDigi are exploring opportunities in end-to-end smart banking solutions that include comprehensive services for cyber security, smart retail solutions financing, and cloud infrastructure technology.
27 Jan 2023Read more
Appointment of Members of the Shariah Advisory Council of Bank Negara Malaysia
Bank Negara Malaysia wishes to announce the reappointment of four Shariah Advisory Council (SAC) members for a three-year term and the appointment of two new SAC members for a two-year term, with effect from 1 January 2023. These appointments are in accordance with section 53(1) of the Central Bank of Malaysia Act 2009.
26 Jan 2023Read more
Cagamas concluded RM550mil bonds, sukuk to fund purchase of house financing, eligible assets
Cagamas Bhd has concluded RM550 million worth of bonds and sukuk, comprising RM500 million five-year Islamic Medium Term Notes (IMTNs) and RM50 million five-year Conventional Medium Term Notes (CMTNs).
25 Jan 2023Read more
AmInvest relaunches AmBon Islam
AmInvestment Bank Bhd (AmInvest) has relaunched AmBon Islam as part of its socially responsible investment (SRI) fund that incorporates sustainability in its securities selection by investing in companies that are well governed with positive environmental and responsible investments.
13 Jan 2023Read more
Global Sukuk issuance likely to rise at slow pace in 2023 amid volatilities
Global sukuk issuance are likely to rise at a slow pace in 2023 amid market volatilities and remain a key funding source in core Islamic finance markets, Fitch Ratings says. Sukuk issuance from the core markets (including multilaterals) in 2022 fell 7.9% to USD244.3 billion versus a year ago. This was due to higher oil prices (2023 forecast: USD85/barrel), rising rates (US policy rate 2023 forecast: 5%), and geopolitical drivers. However, it outpaced bond issuance in core markets, which fell 22.1% in the same period. The medium-to-long term outlook is positive amid intact Islamic investor demand, issuer refinancing needs, and government support in core markets.
12 Jan 2023Read more
PNB's Islamic finance experiment, wakaf ASNB hits RM30mil in funds
Permodalan Nasional Bhd’s (PNB) newly launched Wakaf ASNB has hit RM30 million in funds and is slated for its maiden dividend distribution in the first half of 2023, said president and chief executive Ahmad Zulqarnain Onn.
11 Jan 2023Read more