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IsDB to finance first phase of Egypt’s high-speed railway with $344.5mln
The board of executive directors of the Islamic Development Bank (IsDB) thumbed up a $344.5 million fund to contribute to the first phase of the high-speed electric train project in Egypt, the IsDB announced on April 1st.
04 Apr 2023
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Islamic banking industry seeks to grow alternatives to commodity-based shariah contract - BNM
Islamic banking activities’ resilience to the risk of extreme supply shocks in global commodity markets will be further enhanced by reducing tawarruq (commodity-based) concentrations through diversification into non-commodity-based Shariah contracts.
03 Apr 2023
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Bank Negara: Insurers, takaful operators expected to deploy digital apps in 2023-2024 to improve motor claims experience
In its Annual Report 2022, the central bank said this initiative would enable consumers to conveniently manage all aspects of their claims journey digitally from notifying an ITO of the accident to receiving the repaired vehicle.
31 Mar 2023
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press release
Bank Negara Malaysia Introduces Standardised Housing Loan and Home Financing Agreement For Retail Borrowers/Customers
Bank Negara Malaysia has announced the introduction of a standardised housing loan and home financing agreement for retail borrowers/customers. This initiative seeks to enhance the quality-of-service delivery, promote consumer understanding and comparability of key terms and conditions, and simplify language in such agreements, including borrowers'/customers’ and financiers' responsibilities and obligations.
31 Mar 2023
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