News and Activity
Filter by year
news
Malaysia's Islamic Financing Growth to Continue Outperforming Conventional Banks
Malaysia's Islamic financing growth is likely to moderate in 2023 as higher financing rates sap demand, but Fitch Ratings expects growth to continue to outperform that of conventional banks, due to the country’s supportive regulatory environment and Islamic finance ecosystem as well as the shift towards Sharia-compliant services.
13 Feb 2023
Read more
news
Egypt: FRA issues rules for takaful companies seeking to convert operations to traditional commercial insurance
Dr Mohamed Farid Saleh, chairman of the Financial Regulatory Authority (FRA) has issued a decision (No. 194 of 2022) regarding rules and procedures for revising the licensing of takaful companies to allow them to operate in the traditional commercial insurance system in the Egyptian market. The decision was published in the Official Gazette on 29 January 2023.
03 Feb 2023
Read more
news
Bank Islam’s SME Smart ECO enables businesses to adopt green technology
SINCE the Finance Ministry announced the country’s aim to achieve net-zero greenhouse gas (GHG) emissions by 2050 under the 12th Malaysia Plan (12MP) 2021-2025, many big corporate players started to take on low-emission and renewable-energy initiatives to support this goal.
30 Jan 2023
Read more
news
MBSB Bank, CelcomDigi explore collaboration to develop smart banking solutions
MBSB Bank Bhd and CelcomDigi are exploring opportunities in end-to-end smart banking solutions that include comprehensive services for cyber security, smart retail solutions financing, and cloud infrastructure technology.
27 Jan 2023
Read more
press release
Appointment of Members of the Shariah Advisory Council of Bank Negara Malaysia
Bank Negara Malaysia wishes to announce the reappointment of four Shariah Advisory Council (SAC) members for a three-year term and the appointment of two new SAC members for a two-year term, with effect from 1 January 2023. These appointments are in accordance with section 53(1) of the Central Bank of Malaysia Act 2009.
26 Jan 2023
Read more
news
Cagamas concluded RM550mil bonds, sukuk to fund purchase of house financing, eligible assets
Cagamas Bhd has concluded RM550 million worth of bonds and sukuk, comprising RM500 million five-year Islamic Medium Term Notes (IMTNs) and RM50 million five-year Conventional Medium Term Notes (CMTNs).
25 Jan 2023
Read more.jpg/bc2d0826-aaf1-5701-67b4-9e3ab4491e4f/)
The MIFC logo is a registered trademark in Malaysia.
