Association of Islamic Banking Institutions Malaysia

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ADIB conducts draw for Bentley car and gold bars
Wednesday, 23 April 2014
Abu Dhabi Islamic Bank (ADIB) has awarded a new Bentley car and three 1 kg gold bars to winners of a prize draw for the bank’s priority banking customers. Read more
 
OIC Secretary General Call for Overcoming Resources Limitation
Tuesday, 22 April 2014
Jeddah- SPA -- The meeting of the 58th session of the Permanent Council of the Islamic Solidarity Fund of the Organisation of Islamic Cooperation reviewed the current financial situation of the Fund and the projects it is executing for member states and Muslim communities in non-OIC member states. Read more
 
AlHuda CIBE signs MoU with France's SAAFI
Tuesday, 22 April 2014
Islamic banking is not only confined to Middle East or Muslim countries but also gripped its roots in European countries and America as well. In this regard, the organisations of Islamic banking are rapidly growing in European countries and France is the latest destinations. To promote Islamic banking in France, AlHuda Centre of Islamic Banking and Economics (CIBE) and Solutions d'Acce's a I'Assurance et la Finance Islamiques (SAAFI) have signed MoU in Paris on Thursday. Read more
 
Double win for Emirates Islamic at Banker Middle East Product Awards 2014
Tuesday, 22 April 2014
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, recently won two awards at the CPI FinancialBanker Middle East Product Awards 2014. Emirates Islamic was awarded Best Premium Islamic Credit Card and Best Finance for Self Employed Individuals at a recent ceremony which took place in Dubai. Read more
 
Hong Kong readies debut sukuk
Tuesday, 22 April 2014
The government of Hong Kong plans to sell its first Islamic bonds in September, Hong Kong Monetary Authority deputy CEO Peter Pang said last Monday. Read more
 
KFH posts KD 71 mln in 1Q net profits
Monday, 21 April 2014
KUWAIT (KUNA) -- Kuwait Finance House (KFH) said here on Saturday it had posted net profits of KD 71.012 million (USD 252.4 million) in the first quarter of 2014. KFH Chairman Hamad Al-Marzouq said his bank had achieved gross profits of KD 71.012 mln for the first quarter of the fiscal year 2014. Net profits for shareholders reached KD 26.056 million (USD 92.6 million) with an increase of 13 percent over the same period last year. Read more
 
Takaful Ikhlas has two million subscribers nationwide
Monday, 21 April 2014
KOTA BAHARU: Since its inception 10 years ago, Takaful Ikhlas Sdn Bhd (Takaful Ikhlas) has attracted two million policyholders, with 180,000 of them being non-Muslims. Read more
 
'Nation leads in Islamic banking'
Monday, 21 April 2014
THE government has succeeded in developing  the  Islamic financial system,   as the country has  become the   centre of reference for others around the world, said  Prime Minister Datuk Seri Najib Razak. Read more 
 
Oldest Shariah Bank, Based in Dubai, Is Set for Loan Growth Return
Monday, 21 April 2014
Dubai Islamic Bank’s lending growth is this year poised to catch up with its peers for the first time since 2012, boosted by the United Arab Emirate’s economic recovery. Read more
 
Sovereign and Quasi-Sovereign issuers drive the global primary sukuk market in 1Q-2014
Sunday, 20 April 2014
According to a newly released report "Global Sukuk Report 1Q2014" by Kuwait Finance House Research Limited (KFHR), the global sukuk market saw a modest volume of USD31.14bln in new sukuk issuances in 1Q2014. Read More
 
Amana Takaful players hog the limelight
Sunday, 20 April 2014
H.D.S. Mendis from Polytex Garments, Kasun Silva from MAS Active Trading ‘B’ and S. Muzaffer from Amana Takaful Insurance hogged the limelight in the ongoing Sierra IT Trophy, MCA ‘F’ Division 50-over League Tournament, continued last weekend.H.D.S. Read more
 
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
 

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