Association of Islamic Banking Institutions Malaysia

Takaful Ikhlas Holds Course For Finance Ministry Staff
Friday, 12 March 2010
KUALA LUMPUR, (Bernama) -- Takaful Ikhlas Sdn Bhd, which offers takaful products and services, recently organised a course on Islamic finance for civil servants. Read More

 
Kazakhstan: A Promising Market for Islamic Banking
Friday, 12 March 2010
Riyadh, Asharq Al-Awsat - Islam was introduced to Kazakhstan after Qutayba Ibn Muslim al Bahili became governor of the Khorasan province in 704. Al Bahili extended the Islamic conquests to territories beyond Mesopotamia. Kazakhstan is one of the Islamic republics of Eurasia, which the former Soviet Union annexed to its Communist camp in 1917. However, with the gradual break up of the Soviet Union, Kazakhstan declared its independence in 1991. Muslims represent the majority of the population in this republic, constituting more than 48 percent of the overall population, which stands at approximately 5 million people, most of whom are of Turkish origin. Read More
 
Countrywide Awareness Road Show On Islamic Banking And Takaful By Alhuda
Friday, 12 March 2010
AlHuda- Centre of Islamic Banking and Economics – (CIBE) is honoured to give an opening to a national Road Show by conducting over 300 awareness interactive programs in Islamic Banking and Takaful, covering 100 cities throughout Pakistan starting on 10th March 2010 from Khyber consisting over the whole month to be concluded in Karachi on 10th April 2010. The prime objective of this program is to promote logical awareness in Islamic Banking and Takaful to the businessmen and industrialists.Read More
 
Sharia boards face scrutiny amid financial crisis
Friday, 12 March 2010
DUBAI, (Reuters) - Sharia boards face increased scrutiny and criticism as high-profile corporate defaults and cautionary comments from respected scholars cast a harsh light on the fast growth of financial products touted as Islamic. Read More
 
Abu Dhabi Islamic Bank Emiratisation rate jumps to 40%
Friday, 12 March 2010
Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services group and an industry leader in Emiratisation initiatives, increased its Emiratisation rate to 40% in 2009 compared to 31.5% in 2008 after recruiting a large number of UAE Nationals in 2009 bringing up the total number of Emiratis as bank staff to 570. Read More
 
Malaysia Accounts for Half of Global Sukuk Sales
Friday, 12 March 2010
ABU DHABI — Global sukuk sales rose to $20.15 billion in 2009 from $14.13 billion in 2008, and Malaysia accounted for about half of the sales last year, according to Dato Yahaya Abdul Jabar, the Ambassador of Malaysia to the UAE. Read More
 
SC Teams Up With Oxford Centre For Islamic Studies
Thursday, 11 March 2010
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
 
WIEF: Global Acceptance Of The Islamic Brand Growing
Thursday, 11 March 2010
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
 
HSBC Amanah To Have Network Of Six Branches By Year-End
Thursday, 11 March 2010
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 launches Islamic finance course
Thursday, 11 March 2010
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 launches UAE's First Arabic Mobile Internet Banking Service
Thursday, 11 March 2010
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's $200m rights issue launches tomorrow
Thursday, 11 March 2010
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
 
Dubai Financial Services Authority launches electronic Islamic finance handbooks
Thursday, 11 March 2010
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
 
Road Show on Islamic Banking starts
Thursday, 11 March 2010
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
 
Stanchart, Stanchart Saadiq Increase Rates
Wednesday, 10 March 2010
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
 
Bank Islam Raises BFR To 5.80 Pct, Hong Leong Offers Promotional FD Rates
Wednesday, 10 March 2010
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
 

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