IFRS or AAOIFI? On January 1, 2016, private companies in Malaysia officially adopted the International Financial Reporting Standards (IFRS) to streamline cross-border financial reporting. For the Islamic finance industry, Malaysia’s…
Kuala Lumpur, 4 November 2017 – At the 9th convocation of INCEIF, a record number of 253 students graduated, representing the university’s largest since the university welcomed its first batch of 32 graduates…
MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed its AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up…
Al Mouj Muscat, Oman’s lifestyle destination, has signed an agreement with Alizz Islamic Bank to provide home financing solutions for potential home-owners. Under the agreement, aspiring homeowners will have access…
KUALA LUMPUR -- Insurance and takaful products are still not attractive to large segments of the population of Malaysia as many of them are too complex and unaffordable, said Bank Negara Malaysia's …
KUALA LUMPUR, Nov 2 (Bernama) -- AmMetLife Takaful Bhd has launched ProtectSecure i Murni, a Shariah-compliant regular contribution family takaful plan designed to cater specifically for Muslim needs and exclusively distributed by AmBank Islamic…
After two delays, Morocco may finally make its debut in the Islamic capital market with an issuance before the end of the year, subjected to its Sukuk structure being approved…
Islamic banking in Bangladesh is taking shape rapidly with partial practice of Shariah amid the absence of a proper regulatory framework, posing threat to religious belief and profit margin of…
KUALA LUMPUR: RM1.5 billion will be allocated for business loans controlled by Business Financing Guarantee Companies, using intellectual property as the collateral instrument by giving a loan guarantee of up…
Saudi Arabia plans to issue an international sukuk, or Islamic bond, in the first quarter of 2018, said the head of the debt management office, according to the Maaalfinancial news website. Saudi Arabia issued its debut international sukuk earlier this year,…