Sharia Finance is on the Rise in Indonesia

Islamic finance is on the rise in Indonesia, but the country must not miss this chance to pave the way for its dream of becoming the world’s largest center for the sharia economy. 

31 Mar 2023

Building local halal champions

The halal industry is expected to create 690,000 employment opportunities by 2030

31 Mar 2023

Halal industry, maritime transportation collaboration a boost for Malaysia's halal sector

The halal industry requires a comprehensive halal logistics and transportation system to ensure halal products are transported in compliance with halal standards.

31 Mar 2023

TNB unit issues RM2bil sustainability sukuk

TNB Power Generation Sdn Bhd (TPGSB), a wholly-owned unit of Tenaga Nasional Berhad (TNB), has raised RM2bil via the issuance of a new sustainability sukuk wakalah, pursuant to its sukuk wakalah programme.

31 Mar 2023

Bank Negara: Insurers, takaful operators expected to deploy digital apps in 2023-2024 to improve motor claims experience

In its Annual Report 2022, the central bank said this initiative would enable consumers to conveniently manage all aspects of their claims journey digitally from notifying an ITO of the accident to receiving the repaired vehicle.

31 Mar 2023

Petronas Dagangan lodges RM10b sukuk wakalah programmes with SC

Petronas Dagangan Bhd (PetDag) had lodged a Sukuk Wakalah Programme with a combined aggregate limit of up to RM10 billion in nominal value with the Securities Commission Malaysia.

31 Mar 2023

Insurance, takaful sector to remain resilient on strong capital, liquidity positions - Bank Negara

The insurance and takaful sector is expected to remain resilient, supported by strong capital and liquidity positions.

31 Mar 2023

Bank Negara Malaysia Introduces Standardised Housing Loan and Home Financing Agreement For Retail Borrowers/Customers

Bank Negara Malaysia has announced the introduction of a standardised housing loan and home financing agreement for retail borrowers/customers. This initiative seeks to enhance the quality-of-service delivery, promote consumer understanding and comparability of key terms and conditions, and simplify language in such agreements, including borrowers'/customers’ and financiers' responsibilities and obligations.

31 Mar 2023

Exposure Draft on Financial Technology Regulatory Sandbox Framework

This exposure draft sets out the Bank Negara Malaysia’s (the Bank) proposal to issue a new Financial Technology Regulatory Sandbox Framework (Framework) policy document, which contains enhancements to the policy document of the same name issued on 18 October 2016 [BNM/RH/PD 030-1]. The enhancements are focused at ensuring proportionate regulatory facilitation and improving operational efficiency of the existing sandbox procedures through:

1. simplifying the sandbox’s Stage 1 (eligibility) assessment; and
2. introducing an Innovation Green Lane, which aims to provide a risk-proportionate and accelerated pathway for innovative solutions by financial institutions with strong risk management capabilities.

30 Mar 2023

SC: Size of Islamic capital market rose to RM2.32 trillion in 2022

The size of the Islamic capital market (ICM) increased to RM2.32 trillion as at end-2022, from RM2.31 trillion as at end-2021, according to the Securities Commission Malaysia (SC)’s Annual Report 2022 released on Monday (March 27). 

29 Mar 2023

Sunway Healthcare sets up framework to facilitate RM5bil sustainability sukuk issuance

Sunway Healthcare Group (SHG) has set up a sustainability financing framework to allow issuance of sustainability Sukuk under the RM5 billion Sukuk Wakalah programme by its wholly-owned Sunway Healthcare Treasury Sdn Bhd.

28 Mar 2023

Islamic finance remains top priority for Malaysia's global gateway

Islamic finance remains a top priority in the Financial Sector Blueprint to strengthen Malaysia's value proposition as an international gateway for Islamic finance.

28 Mar 2023