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MARC revises TSH's ratings outlook to positive
MARC has affirmed its rating of A+IS and MARC-1IS on TSH Sukuk Murabahah Sdn Bhd's RM150 million Medium-Term Notes (IMTN) Programme and RM50 million Commercial Papers (ICP) Programme. Concurrently, the rating agency has affirmed its rating of A+IS on TSH Sukuk Ijarah Sdn Bhd's RM300 million IMTN programme. The long-term ratings outlook has been revised to positive.
06 Oct 2021
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Islamic banks' reputation surges amid COVID-19 pandemic: Carma Asia report
Bank Rakyat has received the most favourable coverage among Islamic banking institutions in Asia, with Bank Islam Malaysia and Maybank Islamic making up the rest of the top three, according to a report by Singapore-heaquartered media intelligence provider Carma Asia.
06 Oct 2021
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press release
RAM Ratings reaffirms MUFG Bank Malaysia’s AAA(bg)/Stable sukuk rating
RAM Ratings has reaffirmed the AAA(bg)/Stable rating of debt securities issued under MUFG Bank (Malaysia) Berhad’s (MUFG Malaysia or the Bank) USD500 million Multi-Currency Sukuk Wakalah Bi Al-Istithmar Programme.
05 Oct 2021
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Addressing push factors for capital market development
The third Capital Market Masterplan (CMP3) unveiled by the Securities Commission Malaysia (SC) last Tuesday highlights the importance of strategic thrusts that focus on catalysing competitive growth, empowering investors for a better future and shaping a stakeholder economy, while embedding shared accountability, prioritising efficiency and outcomes, and embracing technology.
05 Oct 2021
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IIFM launches practical Shari’ah-Compliant solutions for new benchmark Risk-Free Rate (RFR)
Islamic finance industry’s leading standard-setting body, the International Islamic Financial Market (IIFM), today announced the approval of its Shari’ah Board’s RFR implementation related Compliant Standard Structuring Solutions for Murabahah and Ijarah transactions.
05 Oct 2021
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iFintechs are taking Southeast Asia by storm
iFintechs, or, Islamic fintechs, are seeing rapid growth and opportunities in Southeast Asia. Malaysia, an ASEAN emerging economy of 32 million, was named the leader in the iFintech hubs maturity model. The ASEAN nation of 32 million boasts high growth and high conduciveness, according to the 2021 Global Islamic Fintech Report.
05 Oct 2021
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press release
IBFIM: Pioneering Innovative Learning for the Islamic Finance Industry
In the effort to further strengthen the development of versatile talent within the Islamic finance industry, the Islamic Banking and Finance Institute Malaysia (IBFIM) has launched its new innovative e-learning platform, the Continuous Learning Programme (CLep).
04 Oct 2021
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Syariah-compliant PayHalal partners Atome to enable Islamic buy-now-pay-later touchpoints
Shariah-compliant payment gateway PayHalal is partnering buy-now-pay-later platform Atome to enable murabaha buy-now-pay-later (iBNPL) acceptance across PayHalal’s merchant touchpoints first in Malaysia, before rolling it out in Indonesia in the coming months.
04 Oct 2021
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MADCash empowers micro women entrepreneurs to grow their business
MADCash (Multiply Assist and Donate Cash) started firming up in 2019 when we were accepted into UNCDF Financial Innovation Lab. The initial idea of MADCash is to convert a one time donation into a perpetual donation with the concept of paying it forward as we created a technology platform that makes this process visible. We wanted donors to see who their donation was helping at any moment in time.” says Nuraizah Shamsul Baharin, managing director of Madcat World.
29 Sep 2021
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Halal industry to generate RM56b export revenue in 2025
The halal industry is expected to contribute 8.1 per cent to the country’s Gross Domestic Product (GDP) and generate RM56 billion export revenue in 2025 compared to RM30.6 billion in 2020, according to the 12th Malaysia Plan (12MP) document released by the Economic Planning Unit (EPU) Monday.
29 Sep 2021
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