RAM reaffirms Edra's sukuk rating on sufficient liquidity to weather power plant delays

RAM Ratings has reaffirmed its AA3/Stable rating on Edra Energy Sdn Bhd's sukuk wakalah of up to RM5.09 billion in nominal value (2018/2030), based on the company's strong liquidity, which will enable it to weather further delays in the completion of its gas turbine power plant in Alor Gajah, Melaka.

20 Dec 2021

On track to be a global Islamic economy and finance hub

Malaysia is on track to realise its full potential as a Islamic economy and finance hub in the Asean region and beyond, says Tan Sri Muhyiddin Yassin.

17 Dec 2021

Labuan IBFC could expand Malaysia’s Islamic fintech

The Labuan International Business and Financial Centre (Labuan IBFC) can become a platform to expand Malaysia’s capabilities in digital Islamic finance and the government is prepared to collaborate with relevant stakeholders to realise the goal, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said.

17 Dec 2021

Sabah has great potential for halal industry - HDC

Known as a major tourist destination and for its large agricultural sector, Sabah has great potential for halal industry, said Halal Development Corporation Berhad (HDC).

17 Dec 2021

PHEIM launches three new Islamic products

PHEIM Unit Trusts Bhd launched on Thursday (Dec 16) three new Islamic products, namely Pheim Greater China Islamic Fund (PGCIF), Pheim ASEAN Islamic Fund (PAIF) and Pheim Global ESG Islamic Fund (PGEIF). 

17 Dec 2021

Govt allocates RM12.63 mil for halal industry development in 2022

The government has allocated RM12.63 million for next year to strengthen further the national halal industry’s development, said Deputy International Trade and Industry Ministry Minister Datuk Lim Ban Hong.

14 Dec 2021

Moody’s affirms Telekom Malaysia’s A3 ratings with a stable outlook

Moody’s Investors Service has affirmed Telekom Malaysia Bhd (TM)’s A3 issuer and senior unsecured rating, as well as the (P) A3 rating on TM’s wholly-owned finance subsidiary Tulip Maple Bhd’s US$750 million senior unsecured multi-currency sukuk issuance programme.

14 Dec 2021

Fitch Ratings: European Islamic Funds Industry Led by Luxembourg

13 Dec 2021

Islamic finance industry growing

The global Islamic capital market’s growth next year is hinged on the pace of policy revisions by major central banks and stable sukuk issuances, says Standard and Poor’s Global Ratings Islamic Finance global head Mohamad Damak.

10 Dec 2021

Tremendous potential for Islamic capital market to expand reach

There is still “tremendous potential” for the Islamic capital market (ICM) to expand its reach to the broader stakeholder economy through sustainable initiatives.

09 Dec 2021

RAM reaffirms AAA(s) ratings of Khazanah's sukuk

RAM Ratings has reaffirmed its AAA(s) ratings with a stable outlook on Islamic securities issued by the funding conduits of the government's investment arm Khazanah Nasional Bhd.

07 Dec 2021

Assistant Governor's Welcoming Remarks at the IFN Asia Forum 2021

Sustainability, technology, and innovation. These, among others will be the key themes, together with the evolving and new consumption trends that could drive an estimated USD10 trillion worth of investment opportunities in Asia. Asia should be the next key epicentre of global consumption and trade. Within this are the growing Muslim population and thriving Islamic finance markets, boasting a gargantuan asset size of USD842 billion in 2020. This exciting landscape offers enormous prospects for value creation for the Islamic finance sector.

07 Dec 2021