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SME Bank’s maiden sustainability sukuk registered final order of RM1.78 billion
SME Bank, an agency under the Ministry of Entrepreneur Development and Cooperatives (MEDAC), in its maiden Sustainability Sukuk Wakalah Programmes received a positive response in their book building exercise when it registered a final order of RM1.78 billion which translates to 3.56 times bid-to-cover (BTC) from the target issuance of RM500 million on 21 July 2021.
26 Jul 2021
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Driving #financeforchange in Malaysia — what the regulators say
Given its importance to the economy and influence over corporates and individuals, the financial sector plays a crucial role in driving changes for a sustainable future. In Malaysia, the sector has made some encouraging progress in terms of stepping up to the challenge. Financial institutions, especially the bigger ones, have begun to formulate their long-term strategies towards sustainability. And, increasingly, more of them are encouraging customers to adopt sustainable practices through their lending, underwriting, advisory and so on.
22 Jul 2021
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Global sukuk issuance hits record $100bln in H1 2021- Refinitiv
Sukuk issuance gained momentum in the first half of 2021 as total issuance reached $100 billion compared to $88.7 billion in the same time last year. Total global sukuk issuance for 2021 is expected to hit a new record of around $180 billion, Global data provider Refinitiv said.
21 Jul 2021
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Dr. Muhammed Sulaiman Al-Jasser elected Chairman of IsDB Group... IsDB Governors elect KSA candidate as President for the next 5 years
H.E. Mr. Sardor Umurzakov, Chairman of the Islamic Development Bank (IsDB) Board of Governors (BoG), Deputy Prime Minister and Minister of Investment and Foreign Trade of the Republic of Uzbekistan, has announced that as per the confirmation of IsDB Group General Secretariat, the BoG adopted by circulation the resolution on the election of the candidate nominated by the Kingdom of Saudi Arabia, H.E. Dr. Muhammed Sulaiman Al Jasser, as the new IsDB President for 5 years.
21 Jul 2021
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HSBC wins Best Bank for Sustainable Finance in Asia
HSBC has won the coveted award for “Best Bank for Sustainable Finance” in Asia as part of the 2021 Euromoney Awards for Excellence, which affirms its priority for financing and investment that supports the transition to a net zero global economy.
21 Jul 2021
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CIIF launches CPIF Scholarship & Bursary to assist Islamic finance future talents
The Chartered Institute of Islamic Finance Professionals (CIIF) with the support of FWD Takaful has launched the Chartered Professional in Islamic Finance (CPIF) Scholarship and Bursary programme to assist and groom future talents in the Islamic finance industry.
21 Jul 2021
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TKBB and Amanie Academy Sign MoU to Collaborate in Islamic Finance Human Capacity Building in Turkey
Participation Banks Association of Turkey (TKBB) and Amanie Academy Sdn Bhd (AASB) have signed a Memorandum of Understanding (MoU) to collaborate in areas of Islamic finance professional human capacity building programmes.
21 Jul 2021
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