News & Update

Bank Muamalat joins GABV network

15 January, 2018      18

KUALA LUMPUR: Bank Muamalat Malaysia Bhd has joined The Global Alliance for Banking on Values (GABV), a network of the world’s leading values-based banks. Bank Muamalat was officially accepted as...

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Global nominations call for the Royal Award for Islamic Finance

08 January, 2018      23

MEDIA RELEASE Kuala Lumpur, 8 January 2018 Global nominations call for the Royal Award for Islamic Finance The Royal Award for Islamic Finance announced a global search to honour an...

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ARABIC - Global nominations call for the Royal Award for Islamic Finance

08 January, 2018      8

النشرة الإعلامية   كوالا لمبور ، 8 من يناير 2018 م   دعلوة الترشيحات العالمة للجائزة الملكة للتمويل الإسامي   أعلنت الجائزة الملكية للتمويل الإسلامي عن بحثها العالمي لتكريم أفراد...

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Nominations open for Royal Award for Islamic Finance

08 January, 2018      4

Image: L to R:Prof Datuk Rifaat Ahmed Abdel Karim, Royal Award for Islamic Finance 2016 recipient; Tan Sri Ranjit Ajit Singh, chairman, SC; Sultan Nazrin Muizzuddin Shah, Sultan of Perak;...

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Saudi Telecom gets 1.5 bil ringgit Islamic loan

08 January, 2018      2

SYDNEY (Jan 8): Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit (US$378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks. Saudi Telecom,...

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Islamic insurers to refocus on profitable segments

07 January, 2018      4

Dubai Improving insurance profitability in some of the sectors such as motor insurance and medical insurance are expected to result in Islamic insurance players refocusing in these sectors, according to...

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BTMU provides $353m Islamic loan to Malaysian Saudi Telecom unit

06 January, 2018      2

TOKYO -- The Bank of Tokyo-Mitsubishi UFJ has provided an Islamic syndicated loan to a Malaysian affiliate of Saudi Arabia's state-owned telecom company, Saudi Telecom. The ringgit-based loan amount is...

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Maybank Islamic partners MAIPK to improve Perak socio-economy

05 January, 2018      3

KUALA LUMPUR: Maybank Islamic Bhd has signed a Waqf Development Fund joint-venture agreement with Perak Islamic Religion and Malay Customs Council (MAIPk) to develop the state’s waqf (endowment) boat project....

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Alrajih Islamic Bank for Investment and Financing opts for iMAL from Path Solutions

04 January, 2018      2

Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces that Alrajih Islamic Bank for Investment and Financing (“Alrajih Islamic Bank”) has selected...

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AAOIFI Launches its Annual Report Entitled: 2017, Outstanding Year of Excellence and Achievements

04 January, 2018      2

On 4th January 2018, The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) published a detailed professional report entitled “2017, A Year of Success and Development”. The report included...

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