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MARC affirms AA-IS rating on SHC Capital’s Sukuk Wakalah Programme
MARC has affirmed its rating of AA-IS on special-purpose vehicle SHC Capital Sdn Bhd's RM80.0 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable. There are no expectations of further drawdown in the medium term; any further drawdown will require a re-assessment of the rating.
28 Oct 2021
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press release
The IFSB Issues Exposure Draft of the Core Principles for Islamic Finance Regulation (Financial Market Infrastructures) (ED- 26) for Public Consultation
The Islamic Financial Services Board (IFSB) has today issued the Exposure Draft of Core Principles for Islamic Finance Regulation (Financial Market Infrastructures) (ED-26) for Public Consultation for a period of fourty five days, starting from 10 September 2021 until 25 October 2021. The IFSB invites comments from regulatory and supervisory authorities, international organisations, institutions offering Islamic financial services (IIFS), academics and other interested parties.
22 Oct 2021
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news
ESG Sukuk: A Next Step in the Evolution of the Global Sukuk Market
In recent years, the relevance and growth of environmental, social and governance (ESG) principles in investments has captured the attention of the global business community. With Shari'ah-compliant investing also continuing to grow, there are significant synergies between principles of Shari'ah and ESG principles. The markets have witnessed the development of innovative Shari'ah-compliant financing structures that align with ESG principles. In 2018, Indonesia became the first country in the world to issue a sovereign green Sukuk and, more recently, in March 2021, the Islamic Development Bank issued its $2.5 billion sustainability Sukuk.
18 Oct 2021
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news
Sedania unit inks deal to bid for digital Islamic bank licence
Sedania Innovator Bhd unit Sedania As Salam Capital Sdn Bhd (SASC) has inked a memorandum of understanding with FCA Capital Sdn Bhd in its bid for a digital Islamic bank licence from Bank Negara Malaysia (BNM).
15 Oct 2021
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news
Banking industry, AKPK collaborate to assist eligible B50 borrowers, contribution value at about RM1b
Banks have worked alongside Agensi Kaunseling dan Pengurusan Kredit (AKPK) to offer a new co-created scheme called Financial Management and Resilience Programme (Program Pengurusan & Ketahanan Kewangan, URUS) to individual customers, according to a joint statement by the Association of Banks in Malaysia (ABM), Association of Islamic Banking and Financial Institutions Malaysia (AIBIM), Association of Development Finance Institutions of Malaysia (ADFIM) and AKPK.
15 Oct 2021
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press release
INCEIF appoints three new board members
INCEIF announced the appointment of three new board members effective 12 October 2021. The new board members are Dato' Mohd Izani Ghani, Managing Director of UEM Group Bhd; Siti Kamariah Ahmad Subki, CEO of Wanita Berdaya Selangor (Selangor government’s umbrella body for women empowerment’s initiatives); and Dr Aamir A. Rehman, Partner of Princeton Stone House Capital and Senior Advisor, UNDP.
14 Oct 2021
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press release
Deputy Governor's Keynote Address at the 16th International Shariah Scholars Forum (ISSF) - "Islamic Finance and the Fiqh of Crisis Management"
Assalamualaikum w.b.t and a very good afternoon to all distinguished guests and fellow participants. It is a pleasure and honour for me, to be part of what I believe will be another stimulating and thought-provoking dialogue. I would like to record the Bank’s appreciation to ISRA for hosting this annual platform, and also more broadly, for its continued dedication in advancing the frontiers of applied Shariah knowledge in Islamic finance towards greater heights and prominence.
14 Oct 2021
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