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Selangor to implement Shariah-compliant general insurance scheme from April, says state exco
The implementation of Selangor’s shariah-compliant general insurance scheme (Insan), which is based on a shariah-compliant method, is expected to begin early next month, the Selangor State Legislative Assembly sitting was told today.
17 Mar 2023Read more
Long-term sovereign sukuk to stabilise at US$80bil in 2023, Malaysia & Indonesia potentially two biggest issuers: Moody's
Global long-term sovereign sukuk issuance will stabilise in 2023 at around US$80 billion and US$80-US$85 billion in 2024 after falling for two years, said Moody’s Investors Service.
10 Mar 2023Read more
Bank Islam offers financial relief for flood victims nationwide
Bank Islam Malaysia Berhad (Bank Islam) continues the Prihatin Programme for Flood to assist our affected financing customers. House Financing, Personal Financing, and Vehicle Financing customers affected by the disaster may apply for a moratorium of up to six (6) months, subject to the terms and conditions set.
10 Mar 2023Read more
Sedania partners Wasiyyah Shoppe to market ‘hibah’ mortgage solution
Sedania As Salam Capital Sdn Bhd, the (financial technology) fintech arm of Sedania Innovator Bhd, has been roped in as Wasiyyah Shoppe Bhd’s exclusive partner to introduce “hibah”, trust services and other Islamic estate management services to financial services institutions and enterprises.
07 Mar 2023Read more
Efficient fintech to lead M’sia into RM12.5t halal market
THE Malaysian digital financial service providers including financial technology (fintech) are urged to collaborate to take advantage of the country’s top position as the world’s most robust Islamic economy ecosystem.
06 Mar 2023Read more
Bigger plans for sukuk
In a bid to diversify its sources of finance, the government issued Egypt’s first sukuk (Islamic bonds) offering of $1.5 billion last week. The offering was fourfold oversubscribed, wetting appetites for more Sharia-compliant offerings, with the Ministry of Finance also revealing three-year plans to raise a further $5 billion through this kind of bonds.
01 Mar 2023Read more