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Perak Halal Industrial Park to be state’s new economic hub, says MB
The Perak government through the Perak State Agricultural Development Corporation (Perak SADC) is diversifying development in the state by establishing its first Perak Halal Industrial Park@Lekir (Perak HIP), with a gross development value (GDV) of RM1 billion.
22 Aug 2023
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Saudi Arabia is largest Islamic finance market, with total assets exceeding $826bln: SAMA
In his opening remarks, the Governor of the Saudi Central Bank (SAMA) and Chairman of the Islamic Financial Services Board's (IFSB) Council, Ayman Al-Sayari, welcomed IFSB council members at the IFSB 20th Anniversary Symposium.
21 Aug 2023
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SC: Introduction of Islamic social exchange way forward for ICM in Malaysia
The way forward for the Islamic capital market (ICM) in Malaysia is to consider introducing an Islamic social exchange in the near future to strengthen environmental, social and governance (ESG) programmes, especially to support the poor and the needy, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.
16 Aug 2023
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Saudi Arabia plans to issue US$9.6 billion in sukuk after buy-back
Saudi Arabia has completed an early purchase of more than 35.7 billion riyals (US$9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.
15 Aug 2023
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Sukuk prices hold steady despite rate changes
Despite rising interest rates, volatile crude oil prices, and complexities in sukuk structures linked to syariah compliance, the pricing of most sukuk and comparable bonds are expected to continue to be similar and highly correlated in the first half of 2023 (1H23), says Fitch Ratings.
09 Aug 2023
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