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Malaysian halal players should seize business opportunities in the Netherlands
Malaysian halal players should seize business opportunities in the Netherlands where the halal sector is booming, said Malaysia External Trade Development Corporation (MATRADE) trade commissioner Emeliana Zainol.
26 May 2022
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Bank Muamalat launches Shariah-compliant gold investment
Bank Muamalat Malaysia Bhd and ACE Capital Growth Sdn Bhd have launched the first Shariah-compliant digital mobile-based gold investment platform called EasiGold, which enables customers to invest in gold via mobile app on all mobile devices.
25 May 2022
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Affin Bank’s digital transformation projects receives Malaysia Technology Excellence Awards 2022
Affin Bank Berhad (AFFIN BANK) has bagged two awards under the Cloud and Mobile-Banking categories in the Malaysia Technology Excellence Awards 2022. In its 4th year, the award is now back in search of outstanding companies that have made exceptional contributions in the pursuit of technological innovation.
24 May 2022
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press release
RAM Ratings reaffirms AA3 rating of Tanjung Bin Energy’s RM4.5 bil sukuk
RAM Ratings has reaffirmed the AA3/Stable rating of Tanjung Bin Energy Sdn Bhd’s (TBE) RM4.5 bil Islamic MTN Programme (2021/2041) (the Sukuk). The reaffirmation is premised on TBE’s strong cashflow generating capability despite operational issues at the Plant, taking into consideration the proposed issuance of RM710 mil under the Sukuk. The rating will remain supported by standby letters of credit (SBLCs) procured by TBE’s sole shareholder, Malakoff Corporation Berhad (Malakoff), to fulfil minimum required balances in the relevant Financial Service Reserve Accounts and Maintenance Reserve Account. TBE is an independent power producer that owns and operates a 1,000 MW ultra-supercritical coal-fired power plant in Tanjung Bin, Johor (the Plant) under a 25-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB) which expires in March 2041.
24 May 2022
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LIAM: PTV records 1.9 mln vouchers worth over RM140.7 mln redeemed
The Perlindungan Tenang Voucher (PTV) programme extended by the goverment in collaboration with the insurance and takaful industry has been extended for another year effective Jan 1, 2022 with the voucher value increased to RM75 from RM50, said the Life Insurance Association of Malaysia (LIAM).
20 May 2022
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Hong Leong AM's Islamic funds achieve global recognition with 5 fund awards
Hong Leong Asset Management Bhd’s (Hong Leong AM) EPF-approved Islamic funds, Hong Leong Dana Makmur (HL Dana Makmur) and Hong Leong Dana Maa’rof (HL Dana Maa’rof) have received five additional individual fund awards from the Refinitiv Lipper Fund Awards 2022 — Global Islamic Universe.
20 May 2022
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Opportunities Galore for Fintech Development in Islamic Finance
With our planet being home to almost two billion Muslims and Islam being one of the world’s fastest-growing religions, it should come as no surprise that Islamic finance has become a powerhouse sector in recent years. Indeed, at more than $2.7 trillion in assets, one recent estimate put the Islamic-finance market at 6 percent of the world’s total. And yet fintech (financial technology) solutions within this sector continue to lag in funding and innovation. As such, the next few years could see a multitude of opportunities for disruption dramatically transform the Islamic-finance space.
18 May 2022
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