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AmInvest relaunches AmBon Islam
AmInvestment Bank Bhd (AmInvest) has relaunched AmBon Islam as part of its socially responsible investment (SRI) fund that incorporates sustainability in its securities selection by investing in companies that are well governed with positive environmental and responsible investments.
13 Jan 2023
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news
Global Sukuk issuance likely to rise at slow pace in 2023 amid volatilities
Global sukuk issuance are likely to rise at a slow pace in 2023 amid market volatilities and remain a key funding source in core Islamic finance markets, Fitch Ratings says. Sukuk issuance from the core markets (including multilaterals) in 2022 fell 7.9% to USD244.3 billion versus a year ago. This was due to higher oil prices (2023 forecast: USD85/barrel), rising rates (US policy rate 2023 forecast: 5%), and geopolitical drivers. However, it outpaced bond issuance in core markets, which fell 22.1% in the same period. The medium-to-long term outlook is positive amid intact Islamic investor demand, issuer refinancing needs, and government support in core markets.
12 Jan 2023
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PNB's Islamic finance experiment, wakaf ASNB hits RM30mil in funds
Permodalan Nasional Bhd’s (PNB) newly launched Wakaf ASNB has hit RM30 million in funds and is slated for its maiden dividend distribution in the first half of 2023, said president and chief executive Ahmad Zulqarnain Onn.
11 Jan 2023
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press release
Islamic Finance Development Report 2022: Embracing Change
The Islamic finance industry reached another milestone in 2021 despite difficulties posed by COVID-19 for the second consecutive year. Find out how this market developed during 2021 and the key trends impacting the industry.
15 Dec 2022
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press release
The AAOIFI Governance and Ethics Board (AGEB) issues Shari’ah compliance and fiduciary ratings of Sukuk and other Islamic finance instruments exposure draft
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) in the 24th meeting of its Governance and Ethics Board (AGEB / the board) approved the issuance of the exposure draft of a governance standard on Shari’ah compliance and fiduciary ratings of Sukuk and other Islamic finance instruments.
14 Dec 2022
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press release
SC Unveils Principles-Based Sustainable and Responsible Investment Taxonomy for the Malaysian Capital Market
The Securities Commission Malaysia (SC) unveiled the Principles-Based Sustainable and Responsible Investment Taxonomy for the Malaysian Capital Market (SRI Taxonomy) to help advance the nation's climate and sustainability agenda.
13 Dec 2022
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news
MTA, INCEIF University collaborate to develop Maqasid-based scorecard for the Malaysian takaful industry
The Malaysian Takaful Association (MTA) is collaborating with INCEIF University to develop the first-ever value-based intermediation (VBIT) scorecard for takaful on the basis of Maqasid al-Shariah (objectives of the Shariah) through industry-driven research.
12 Dec 2022
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