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Global Islamic funds market grows 300% in decade - report
The global Islamic funds market has grown by more than 300% over the last decade to nearly reach $200 billion in assets under management, the Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) said on Wednesday.
28 Jan 2022
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Analysts: BNM seen more accommodative towards facilitating alternative financing needs in Financial Sector Blueprint 2022-2026
Bank Negara Malaysia (BNM) has been seen to be more accommodative in facilitating alternative financing needs and new business models in the Financial Sector Blueprint 2022-2026 (FSB3) which was unveiled recently.
26 Jan 2022
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Pakistan raises $1 bln, offers highest-ever rate for a sukuk of 7.95%
Pakistan has raised $1 billion with a 7-year sukuk, offering an interest rate of 7.95%, the highest return the South Asian nation has ever paid on an Islamic bond, a finance ministry official said on Tuesday.
26 Jan 2022
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press release
RAM Ratings reaffirms YTLPI’s ratings, negative outlook maintained
RAM Ratings has reaffirmed the AA1/Negative ratings of YTL Power International Berhad’s (YTLPI or the Group) RM5 bil Medium-Term Notes Programme (2011/2036) and RM2.5 bil Sukuk Murabahah facility (2017/2027).
26 Jan 2022
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The future is bright for Islamic banking in Asean
ASEAN is powering the global growth of Islamic banking, thanks to world-leading innovation and strong demand. The success of Islamic banking will help fuel the region’s economic development and enhance its position as an international finance centre.
24 Jan 2022
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Bank Negara Malaysia Financial Sector Blueprint 2022-2026
Bank Negara Malaysia (BNM) has launched the Financial Sector Blueprint 2022 – 2026 today. It sets out BNM's development priorities for the financial sector over the next five years, all anchored on efforts to foster market dynamism and support sustainable development objectives.
24 Jan 2022
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Establishment of New Financing Facilities by Bank Negara Malaysia
As announced during the Budget 2022 speech by the Minister of Finance, Bank Negara Malaysia (BNM) will introduce two new facilities under BNM’s Fund for SMEs. Applications to these facilities will be open from 3 February 2022 until the funds are fully utilised.
21 Jan 2022
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7.25 percent profit on savings: Islamic banks asked to follow SBP orders
The business community on Sunday asked the central bank to take action against Islamic banks for not implementing its regulations of minimum profit of 7.25 percent to their depositors on saving accounts.
19 Jan 2022
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EPF-backed MBSB Bank proposes RM5b Islamic bonds
The Employees Provident Fund's (EPF) 65.4%-owned subsidiary Malaysia Building Society Bhd's (MBSB) wholly-owned subsidiary MBSB Bank Bhd has proposed to issue RM5 billion worth of Islamic bonds or sukuk under the wakalah principle to raise money to finance the financial services provider’s operations.
19 Jan 2022
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