KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) is buying Asian Finance Bank Bhd (AFB) for RM644.95 million in cash and new MBSB shares. MBSB, whose controlling shareholder is the Employees…
KUALA LUMPUR (Nov 6): Bank Negara Malaysia is expected to maintain the overnight policy rate (OPR) at 3% this Thursday (Nov 9) on "robust economic growth and well-behaved inflation", according…
KUALA LUMPUR : The Securities Commission Malaysia (SC) will liberalise the nation's corporate bond and sukuk market by the first quarter of next year to enable greater retail access into…
KUALA LUMPUR (Nov 6): Securities Commission Malaysia (SC) said it is working closely with Bank Negara Malaysia (BNM) in coming out with a framework on cryptocurrency, and expects to launch…
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…