Association of Islamic Banking Institutions Malaysia

KUALA LUMPUR, (Bernama) -- The Securities Commission Malaysia (SC) and the Oxford Centre for Islamic Studies (OCIS) have teamed up to create an international platform for debate, dialogue and study on contemporary issues and challenges faced in Islamic finance. Read More

KUALA LUMPUR, (Bernama) -- Global acceptance of the Islamic brand is growing at a rapid pace based on the keen interest shown by international firms to participate in the World Islamic Economic Forum (WIEF) 2010. Read More

KLANG, (Bernama) -- HSBC Amanah Malaysia Bhd, in a move to expand its presence, will have a network of six branches by year-end, its Chief Executive Officer, Musa Abdul Malek, said on Tuesday. Read More

Centennial College is aiming to enhance Toronto’s global standing as a financial services hub with the launch of an Islamic finance course this May. The school is the first training provider to offer the course in association with the London-based Chartered Institute for Securities and Investment (CISI). The 60-hour online course will be the required first step for individuals looking to obtain their Islamic Finance Qualification (IFQ), an internationally recognized accreditation administered by CISI. Read More

Noor Islamic Bank today announced the launch of the UAE's first Arabic enabled mobile internet banking service, as part of the bank's ground breaking focus on innovative online communications to meet customer demand for convenient, bank-in-your-palm, 24 hour banking services. The new service can be accessed from any make, or type, of mobile phone with access to the internet. Read More

Ithmaar Bank will launch its $200 million rights issue tomorrow (March 11) to help fund the planned expansion of its operations. The rights issue is part of a capital raising initiative, which includes a Mandatory Convertible Sukuk, designed to raise a total of up to $400 million. Read More

The Dubai Financial Services Authority (DFSA) has launched a series of electronic Islamic finance tailored handbooks, designed to help Firms undertaking Islamic finance activities in the Dubai International Financial Centre (DIFC). Read More

Lahore—A national Road Show consisting of over 300 awareness interactive programmes in Islamic Banking and Takaful, covering 100 cities throughout Pakistan has been started. Al-Huda the Centre of Islamic Banking and Economics started the programme from Khyber Wednesday and it would be concluded on April 10, says a press release. Read More

KUALA LUMPUR, (Bernama) -- Standard Chartered Bank Malaysia Bhd (Stanchart) and Standard Chartered Saadiq Bhd will increase their base lending rate (BLR) and base financing rate (BFR) respectively from 5.55 per cent to 5.80 per cent per annum, effective tomorrow. Read More

KUALA LUMPUR, (Bernama) -- Bank Islam Malaysia Bhd is raising its Base Financing Rate (BFR) from 5.55 per cent per annum to 5.80 per cent with effect from March 11. Read More

KUALA LUMPUR, (Bernama) -- Amanah Mutual Bhd (AMB), a wholly-owned subsidiary of Amanah Saham Nasional Bhd (ASNB), on Tuesday launched a 300-million unit Syariah-compliant fund, AMB Dana Aqeel Capital Protected. Read More

KUALA LUMPUR,(Bernama) -- The Dubai debt crisis does not represent a permanent setback to Islamic finance eventhough the sukuk or Islamic bonds suffered a blow as potentially safer instrument than conventional. Read More

Dubai: The Islamic Development Bank will soon launch a roadshow to attract investment for Istikhlaf, an Islamic bank, a top banking official said here yesterday. Adnan Ahmad Yousuf, Chairman of the Union of Arab Banks and CEO of Al Baraka Banking Group told Gulf News: "Istikhlaf will be launched with $2 billion [Dh7.34 billion] paid-up capital and $10 billion authorised capital and is being sponsored by the IDB." Read More

KUWAIT CITY, March 8:  Kuwait Finance House (KFH), the largest Islamic lender in the country, has triumphed over the dire consequences of the global financial meltdown despite a decline in its net profits in 2009, which amounted to KD118.74 million ($412.7 million), compared to KD156.9 million in 2008, says KFH Chairman and Managing Director Bader Abdul Muhsen Al-Mukhaizeem. Read More

March 09, 2010 (LBO) - Sri Lanka's Amana Takaful Insurance said its Maldivian subsidiary Amana Takaful (Maldives) has got regulatory approval to do general insurance business in the archipelago. Read More

SINGAPORE: The Islamic insurance or takaful market is expected to see strong growth this year. Still, challenges remain including low market penetration and a lack of Shariah-compliant investment opportunities for takaful players. Read More