Maxis unit issues two series of sukuk worth RM400 mil under RM10 bil sukuk programme

Maxis Bhd's subsidiary Maxis Broadband Sdn Bhd (MBSB) has issued two new series of sukuk amounting to RM400 million in nominal value under its unrated sukuk murabahah programme of up to RM10 billion.

18 Aug 2022

MTA inks MOU with Infomina to promote takaful industry's fintech and digital innovation

The Malaysian Takaful Association (MTA) has inked a memorandum of understanding (MOU) with Infomina Bhd to conduct an evaluation on the viability of a productivity application named Videspace that functions as a team communication and collaboration tool.

18 Aug 2022

Second edition of iTEKAD CIMB Islamic Rider Entrepreneur Programme kicks off

CIMB Islamic Bank Bhd together with programme partners Yayasan Waqaf Malaysia (YWM) and Yayasan Belia Malaysia (YBM) will continue the iTEKAD CIMB Islamic Rider Entrepreneur Programme into its second edition.

18 Aug 2022

Malaysia sees robust growth in Islamic fintech

The presence of 47 Islamic financial technology (fintech) is a sure sign that Malaysia is fast becoming a major centre for Islamic fintech.

16 Aug 2022

MARC Ratings Affirms Gas Malaysia Distribution’s Ratings

MARC Ratings has affirmed its AAAIS/MARC-1IS ratings on Gas Malaysia Distribution Sdn Bhd's (GMD) Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The outstanding amount under the programmes stood at RM331.0 million as at end-July 2022. The ratings outlook is stable.

16 Aug 2022

WIEF Foundation 17th Roundtable In Penang to discuss sustainable economic recovery strategies

The World Islamic Economic Forum (WIEF) Foundation will bring its 17th Roundtable to Penang to discuss strategies for sustainable recovery to build a resilient and stable economy nationally, regionally and globally. 

16 Aug 2022

The 6th Royal Award for Islamic Finance to be conferred on 4 October 2022

11 Aug 2022

Agro-Food Takaful Insurance Scheme Gives New Hope to Malaysian Farmers

Farmers produce food for people to eat and without them, the world will go hungry. In Malaysia, farmers can take advantage of the Agro-Food Takaful Insurance Scheme plans supported by the government through MAF. It aims to compensate farmers for damages and losses caused by natural disasters.

09 Aug 2022

Cagamas prices over RM1 billion worth of bonds and sukuk

Cagamas Berhad, the National Mortgage Corporation has successfully priced its RM1.11 billion bonds and sukuk.

08 Aug 2022

MARC affirms Tropicana's sukuk programme with A+IS, AIS rating

Malaysian Rating Corporation Bhd (MARC) has affirmed its ratings on Tropicana Corp Bhd's RM1.5 billion Islamic medium-term notes programme (sukuk wakalah) and RM2.0 billion existing perpetual sukuk programme at A+IS and AIS, respectively.

08 Aug 2022

How sukuk issuances are riding the wave of ESG

At the heart of Islamic bonds or sukuk is the idea of responsible investing, little wonder, then, that it should be finding its place in the world of sustainable investment.

04 Aug 2022

ESG-Linked Sukuk On Growth Trajectory

Environmental, social and governance (ESG)-linked sukuk is likely to persist as a key issuance theme in core Islamic-finance jurisdictions amid government initiatives that promote sustainability and economic diversification, along with rising investor demand and awareness, says Fitch Ratings.

03 Aug 2022