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Etiqa offers drivers rebates of up to 30% of their premiums
Etiqa, the insurance and takaful arm of the Maybank group, has launched an usage-based motor insurance and takaful add-on that offers drivers rebates of up to 30% of their premiums or contributions based on vehicle mileage clocked.
14 Oct 2021
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press release
Islamic Finance and the Sustainable Development Goals Thought Leadership Series
With the Climate Change Conference (COP 26) in Glasgow just six weeks away, the International Shari’ah Research Academy for Islamic Finance (ISRA), INCEIF’s research management centre, in partnership with Scotland-based Islamic Finance Council UK (UKIFC), has launched the final report in its 4-part thought leadership series designed to assist and encourage active engagement in support of the UN Sustainable Development Goals (SDGs) by the global Islamic finance sector. This report was prepared by Researcher Dr Fares Djafri and Senior Researcher Prof Younes Soualhi from ISRA and supported by the UKIFC team.
13 Oct 2021
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press release
The IILM successfully concludes its 10th auction for 2021 with USD 1.15 billion short-term Sukuk
The International Islamic Liquidity Management Corporation (IILM) has successfully completed its tenth auction for 2021 today, by reissuing a total of USD 1.15 billion short-term “A-1” rated Ṣukūk across three different tenors of one, three, and six-month respectively.
13 Oct 2021
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news
Indonesia’s Omnibus Law: Halal Certification to Impact Businesses
Indonesia issued a new Halal certification law, under Government Regulation 39 of 2021 (GR 39/2021) that will impact businesses in most industries. GR 39/2021 states that products that enter, circulate, and are traded in Indonesia must be Halal certified unless they are originating from materials prohibited under Islam (Haram).
13 Oct 2021
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Fintech and the Growth of Islamic Finance
Global Islamic finance exerts considerable influence in the international banking sector. Forecasts from 2020 estimate that the total value of global Islamic finance assets will reach $3.69 trillion by 2024, with the sector posting 10.6% growth in 2020. While this may already seem an impressive figure, the reality is that Islamic finance is still finding its footing.
13 Oct 2021
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press release
“GOLD” sustainability sukuk assessment assigned to UEM sunrise's sustainability sukuk framework
MARC has assigned a "Gold" Sustainability Sukuk Assessment to UEM Sunrise Berhad's (UEMS) Sustainability Sukuk Framework (the Framework). The Framework will finance green, social or sustainability projects falling under six categories: green buildings, energy efficiency and renewable energy, affordable housing, pollution prevention and control, sustainable water and wastewater management, and socioeconomic advancement and empowerment.
11 Oct 2021
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press release
MARC affirms ratings on George Kent's debt papers
MARC has affirmed its ratings of MARC-1IS and A+IS on George Kent (Malaysia) Berhad's (George Kent) RM100.0 million Islamic Commercial Papers Programme and RM500.0 million Islamic Medium-Term Notes Programme (collectively Sukuk Programmes), subject to a combined limit of RM500.0 million. The ratings outlook is stable.
11 Oct 2021
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press release
Call for Public Feedback on the VBIAF Sectoral Guides on Oil & Gas, Manufacturing and Construction & Infrastructure.
The Value-based Intermediation Financing and Investment Impact Assessment Framework (VBIAF) Sectoral Guide Working Group (Working Group) has issued the 2nd cohort of the VBIAF Sectoral Guides. These VBIAF Sectoral Guides serves as an in-depth impact-based risk management toolkit to guide the financial institutions in implementing VBIAF on Oil & Gas, Manufacturing and Construction & Infrastructure sectors.
07 Oct 2021
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news
UEM Sunrise undertakes sukuk programmes with combined limit of RM4b
Property developer UEM Sunrise Bhd has lodged information with the Securities Commission regarding its Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined aggregate limit of up to RM4 billion in nominal value.
07 Oct 2021
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