Maybank introduces cashless payments using QR code
KUALA LUMPUR: Malayan Banking Bhd (Maybank) launched a pilot version of cashless mobile payment option using QR codes, called 'Maybank QRPay', making it the first bank to introduce such a…
Bank Negara wants digital currency exchangers to report their activities
KUALA LUMPUR: Bank Negara has reiterated its stand that bitcoin and its cryptocurrency siblings are not legal payment methods in Malaysia, as the central bank initiates a policy compelling digital…
Harness fintech in zakat and waqf, says Sultan Nazrin
The Sultan of Perak has called on Shariah scholars to embrace new technology in overall Islamic finance and to envisage how “fintech” might be harnessed to revolutionise zakat and waqf…
IFSB names 3 Gulf organisations as members
The Council of the Islamic Financial Services Board (IFSB) has given membership to eight organisations from across the globe including two from the UAE (Abu Dhabi Global Market and Tiybr…
UAE, Saudi working on digital currency for cross-border deals
The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, UAE central bank governor Mubarak…
Trustbank Amanah Brings Islamic Financing To Suriname
After two years of preparation, Trustbank Amanah is now ready to offer society Islamic Financing. The opening of Trustbank Amanah, the first Islamic Bank in Suriname and the region, took…
Bursa Malaysia launches Islamic Securities Selling and Buying Negotiated Transaction
KUALA LUMPUR: Bursa Malaysia Bhd launched the world’s first Shariah-compliant alternative to the Securities Borrowing and Lending Negotiated Transaction (SBLNT) framework, called Islamic Securities Selling and Buying Negotiated Transaction (ISSBNT).…
Maybank Islamic: Lender upbeat on retail growth
MAYBANK Islamic Bhd is confident demand for its retail portfolio will grow well in Malaysia and it is poised to roll out more products next year as well. Chief executive…
Kuwait cbank gov to helm IFSB chairmanship – Bangladesh’s Kabir appointed as deputy
KUALA LUMPUR, Dec 11: The Council of the Islamic Financial Services Board (IFSB) today resolved to appoint its Chairman and Deputy Chairman for the year 2018. HE Dr Mohammad Y. Al…
Malaysian property developer to originate first real estate unbilled sales-backed Sukuk
MALAYSIA: A Malaysian property developer is expected to issue a real estate unbilled sales-backed Sukuk facility this Friday, believed to be the first Shariah compliant securitization of progress billings in the…
