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Friday, 03 September 2010 |
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PETALING JAYA: Existing takaful operators will have to “up their game” and gear up for stiffer competition as the granting of four new licences by Bank Negara on Wednesday will see more players fighting for a share of the profit slice.
Takaful Ikhlas Sdn Bhd president and chief executive officer Datuk Syed Moheeb Syed Kamarulzaman said the company would need to find a niche to stay ahead of the competition. Read more |
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Friday, 03 September 2010 |
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KUALA LUMPUR (Bernama) -- Kuwait Finance House (Malaysia) Bhd (KFHMB) has launched a personal financing product to facilitate Muslim customers make pilgrimages to the holy cities of Makkah and Madinah. Read More |
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Friday, 03 September 2010 |
LANGKAWI (Bernama) -- Bank Rakyat will open a branch in Kuala Nerang, its ninth in Kedah, after Hari Raya Aidilfitri. Read More |
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Thursday, 02 September 2010 |
KUALA LUMPUR (Bernama) -- A strong growth in quality financing helped Bank Islam Malaysia Bhd record a 34 per cent hike in profit before tax and zakat to RM313 million for the financial year ended June 30, 2010. Read More |
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Thursday, 02 September 2010 |
SHAH ALAM (Bernama) -- Etiqa Takaful Bhd expects to generate RM1.2 million in premiums in the first year of operations of the just-launched Takaful Personal Accident plan. Read More |
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Thursday, 02 September 2010 |
KUALA LUMPUR -- Four joint venture companies have been issued new family takaful licences following the approval of the Finance Minstry, Bank Negara Malaysia announced Wednesday. Read More |
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Wednesday, 01 September 2010 |
Bloomberg - Leading Islamic finance scholars are preparing the first global certification for Shariah experts, seeking to bolster the industry’s reputation and make it easier for banks to find qualified advisers. Read More |
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Wednesday, 01 September 2010 |
Emirates of Dubai is waiving payments on personal loans for the holy month of Ramadan. Maybank Islamic in Kuala Lumpur started automating charitable donations. Jakarta-based Bank Syariah Mandiri sponsors a television slot teaching Islamic banking, Bloomberg News reported. Read More |
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Wednesday, 01 September 2010 |
Misys, a market leader in providing integrated, comprehensive solutions that deliver significant results to organisations in the banking and financial industry, has announced that it has recently appointed Mohammad Harb as Head of Islamic Banking Business Development. Harb will be responsible for promoting Misys' state-of-the-art Islamic banking solutions to existing and potential clients in the Middle East and Africa. Read More |
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Monday, 30 August 2010 |
LONDON: The Jeddah-based Islamic Development Bank (IDB) is gearing up for its latest sukuk offering under its Medium Term Note (MTN) or Trust Certificate Issuance Program, which was officially increased this month from $1.5 billion to $3.5 billion. Read More |
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Monday, 30 August 2010 |
The recent launching of the first corporate Sukuk out of the UK by Gateshead-based International Innovative Technologies (IIT) may have taken the Islamic capital markets by surprise, but the signs are that a spate of other UK originations may follow over the next few months. Read More |
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Monday, 30 August 2010 |
Abu Dhabi Islamic Bank has provided financing facilities to Al Jaber Energy Services for the amount of USD 300 million to finance Shah Gas project. Read More |
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Sunday, 29 August 2010 |
TOP banker Datuk Seri Nazir Razak will head for the UK to further his knowledge in Islamic finance at the prestigious Oxford Centre for Islamic Studies (OCIS), but will continue to helm the CIMB Group. Read more |
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Sunday, 29 August 2010 |
The Human Resources and Services Department Manager at Kuwait Finance House (KFH) Mohammed Al-Jallal announced that KFH's recruitment strategy focuses on paradigm recruitment, not quantitative, which allows KFH to recruit competent and specialized employees and thus making them an added value to all of the bank's sectors. Read More |
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Sunday, 29 August 2010 |
The 21st conference on Islamic Banking System started in the Iranian capital Saturday morning with the participation of senior Iranian officials in the fields of banking and economic activities. Read More |
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Sunday, 29 August 2010 |
Dubai: One of the silver linings from the dark cloud of the credit crisis is, thankfully, fewer Islamic finance conferences, as the global downturn weeded out those entities that were in it just for the money. Read More |
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