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PPZ-MAIWP, RHB Islamic forge strategic partnership
The Zakat Collection Centre of the Federal Territory Islamic Religious Council (PPZ-MAIWP) has entered into a strategic partnership with RHB Islamic Bank Bhd to raise awareness on the importance of zakat through a holistic approach.
21 Apr 2022
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MBSB-MIDF said to be merging via share swap
A planned merger between Malaysia Building Society Bhd (MBSB) and Malaysian Industrial Development Finance Bhd (MIDF), expected to be done via a share swap, would solidify MBSB’s position as the country’s second-largest standalone Islamic bank by assets and profit after Bank Islam Malaysia Bhd.
20 Apr 2022
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CIMB Group aims to double AUM under Preferred segment by 2025
CIMB Bank Bhd and CIMB Islamic Bank Bhd have strengthened their offerings for emerging and affluent clients across the ASEAN region, and aim to double assets under management (AUM) under the banking group’s Preferred segment by 2025.
15 Apr 2022
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FWD Takaful launches FWD ADD Rider for accidental death, dismemberment
FWD Takaful Bhd has launched FWD ADD Rider, an added coverage designed to provide benefits upon accidental death and dismemberment (ADD), including medical expenses, financial and mental health coverage.
14 Apr 2022
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SC: Fintech to be leveraged as innovative solution enabler in M’sian Islamic capital market
Financial technology (fintech) will be leveraged as an enabler for innovative solutions focusing on the halal economy, socially responsible investing (SRI) and Islamic social finance to further grow the Malaysian Islamic capital market (ICM), says the Securities Commission Malaysia (SC).
14 Apr 2022
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BSP mulls lower capital for Islamic banks
The central bank is planning to reduce the required capital to set up an Islamic bank or Islamic banking unit (IBU), currently pegged at a minimum P3 billion up to P20 billion depending on the number of branches, to encourage local and foreign banks in the country to go into Islamic finance.
08 Apr 2022
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Govt aims to double microinsurance, microtakaful sign-ups by 2026, says Tengku Zafrul
The government aims to double the number of individuals signing up for microinsurance or microtakaful by 2026 under the Financial Sector Blueprint, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.
04 Apr 2022
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