Association of Islamic Banking Institutions Malaysia

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Waqf Fund Sponsors AAOIFI Qualification Development
Monday, 14 April 2014
The Bahrain-based Waqf Fund is sponsoring AAOIFI to revamp its flagship global Islamic accounting qualification Certified Islamic Professional Accountant (CIPA). A leading consulting firm has been engaged to prepare the revised curriculum. Read more
Bahrain-UK in major Islamic finance deal
Saturday, 12 April 2014
LONDON: Bahrain and the UK yesterday agreed a joint framework to enhance collaboration on Islamic finance at the UK-Bahrain Islamic Finance Summit held in London.
Maybank Islamic issues Basel III-compliant sukuk
Saturday, 12 April 2014
KUALA LUMPUR: Maybank Islamic Bhd has issued its maiden Basel III-compliant Tier-2 capital subordinated sukuk murabahah of RM1.5bil pursuant to a subordinated sukuk murabahah programme of up to RM10bil in nominal value established in March 2014. Read more
Sabah Credit launches RM1.5b Sukuk scheme
Saturday, 12 April 2014
Kota Kinabalu: Sabah Credit Corporation (SCC) on Monday launched its RM1.5billion Sukuk Musharakah Programme with AmInvestment Bank Berhad as the principal adviser, lead arranger and lead manager. Read more
KFH-Saudi To Serve As Financial Advisor For Murabaha
Saturday, 12 April 2014
KUWAIT CITY - Murabaha Company inked a deal with Saudi-Kuwaiti Finance House (KFH-Saudi) to serve as its financial advisor, in order to plan and take steps towards the company’s goal to offer 30% of its shares for public offering. Read more
Islamic banks to account for 25% of Malaysian banking sector by 2017, says RAM
Saturday, 12 April 2014
KUALA LUMPUR: RAM Ratings said the Malaysian Islamic banking industry’s assets have almost doubled in the last five years, expanding to RM423bil as at end-February 2014 and accounting for 21% of the banking system’s assets. Read more
Marzouki calls on Islamic, West African banks to back up Tunisian economy
Friday, 11 April 2014
TUNIS - Caretaker President Moncef Marzouki received, Tuesday in Carthage, presidents and directors of Islamic banks of West Africa. The meeting discussed ways to strengthen the national economy, boost investment and find ways to finance small and medium enterprises in Tunisia (SMEs), the Presidency said in a statement. Read more
Family Waqf revival boost to Islamic economy
Tuesday, 08 April 2014
The revival of Family Waqf, once banned in several Muslim countries, is welcomed as it represents an added impetus to families in long-term earnings for future generations, waqf specialists say. Read more
iMAL is Islamic Banking Application of the Year 2014
Tuesday, 08 April 2014
Path Solutions , the Kuwait-based Islamic core banking software provider today announced that its flagship solution, iMAL was named a winner for the 2014 Beacon of ICT (BoICT) Awards in the 'Islamic Banking Application of the Year' category. Read more
Sabah Credit launches RM1.5 billion sukuk programme
Tuesday, 08 April 2014
KUALA LUMPUR: Sabah Credit Corporation (SCC)launched its RM1.5 billion Sukuk Musharakah Programme yesterday, in line with growing demand for Islamic financing in the country. Read more
Islamic finance set to expand in Arab countries
Tuesday, 08 April 2014
The new agreement signed by the Jeddah-based Islamic Research & Training Institute (IRTI) and the Alexandria-based Arab Academy for Science and Technology will contribute to expanding Islamic banking and finance in the Arab world, said IRTI Director General Mohd Azmi Omar. Read more
INCEIF signs MoU with Malaysian Takaful Association
Thursday, 03 April 2014
INCEIF signed a Memorandum of Understanding with the Malaysian Takaful Association (MTA) on 26 March to establish a collaborative framework towards better industry participation in the training of INCEIF students, particularly for internship placements at the members’ organisations. Read more
Bank of Korea joins Islamic finance body IFSB
Thursday, 03 April 2014
(Reuters) - South Korea's central bank has joined the Islamic Financial Services Board (IFSB), one of the main standard-setting bodies for Islamic finance, as regulators across Asia build closer ties to the growing industry. Read more
Premier: Bermuda opening its doors to Islamic Finance
Wednesday, 02 April 2014
The Premier, the Hon. L. Craig Cannonier, JP, MP, hailed his attendance at the Global Islamic Finance and Investment Group (GIFIG), to be ‘very encouraging for Bermuda’, as the Island was further positioned as a viable option for Islamic Finance.  The objective of the GIFIG conference was to identify key global opportunities and barriers facing Islamic Finance and to utilize the Group’s extensive knowledge and expertise to create a global Islamic Finance market that supports growth and prosperity. Read more
ZPC, Al-Baraka sign Musharka-based transaction
Wednesday, 02 April 2014
Islamabad—Bank al-Baraka and Zaver Petroleum Corporation (ZPC) Friday entered into Islamic transaction facility ‘Musharka’ to the tune of Rs3 billion. CEO of the bank Shafqaat Ahmed and Chairman/CEO of the petroleum corporation Sadruddin Hashwani formally signed the ‘first-of-a-kind’ deal here at the Marriott. Read more
Islamic investment becoming ‘financial powerhouse’ in the UK
Wednesday, 02 April 2014
Sharia-compliant investment is rapidly growing in the UK and has become a “financial powerhouse”, according to specialist asset manager London Central Portfolio (LCP). However, the firm added that there are still limited investment options in the sector. Read more

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