BNM Acquires Land From Govt For Rm2 Billion
KUALA LUMPUR, (Bernama) -- Bank Negara Malaysia (BNM) has acquired 22.58 hectares of land from the government, for RM2 billion, to be utilised for the relocation of the Global Islamic…
Islamic insurers to refocus on profitable segments
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…
Indonesia sells 13 trillion rupiah of Islamic bonds, above target
JAKARTA - Indonesia's finance ministry sold 13 trillion rupiah ($967.41 million) ofIslamic bonds at an auction on Tuesday, above the indicative target of 8 trillion rupiah, its financing and risk management…
Minister calls for enhancing Islamic finance initiatives
Qatar's Islamic lenders, which are the third largest contributor to the global growth in Shariah banking, ought to enhance its finance initiatives and work towards activating international partnerships to further…
Qatar needs to develop regulatory framework to cement Islamic finance lead: QFC
Qatar needs to reform interbank liquidity management to study leakages from Islamic banks through interbank finance as part of a strategic roadmap for Shariah finance, according to a Qatar Financial…
Nominations open for Royal Award for Islamic Finance
KUALA LUMPUR: The Royal Award for Islamic Finance is on a global search to honour an exceptional individual in the field of Islamic finance. According to a press statement issued…
Afreximbank taps Islamic finance to support Africa trade
The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized businesses in the region, as African markets gradually open to Islamic…