Association of Islamic Banking Institutions Malaysia

KUALA LUMPUR, (Bernama) -- AmMutual's AmBond and AmIslamic Funds Management's AmBon Islam have declared income distributions for their respective unitholders. Read More

KUALA LUMPUR: EONCAP Islamic Bank Bhd, a unit of EON Bank Bhd, aims to increase its asset contribution to the group to 20% in three years by launching more syariah-compliant products. Read More

KUALA LUMPUR, March 12 (Bernama) -- Ten University Technology Mara (UiTM) students will receive scholarships from the Asian Finance Bank (AFB) to pursue their first degree in Islamic banking. Read More

KUALA LUMPUR: More Sharia hedge funds are likely to be launched, specialising in healthcare, telecoms and technology stocks, a US financial firm says, as the industry debates how far Islam sanctions such investments. US-based Shariah Capital, which has a long-short Islamic commodities hedge fund, yesterday said a growing number of fund managers would offer sharia-compliant funds as Islam does not constrain profitability. Read More

KUALA LUMPUR, March 12 (Reuters) - Deutsche Bank (DBKGn.DE: Quote, Profile, Research) is in talks to arrange sukuk issues in Malaysia, Brunei, Indonesia and Pakistan as improving credit conditions bring issuers back to the market, a senior official said on Friday. Global sukuk issuance would probably rise 20-30 percent this year, helped by demand for Islamic assets, the lender said. Many issuers were likely to launch in the first half in anticipation of rising interest rates, it added. Read More

THE International Conference on Islamic Finance is set to become an annual event due to its success, said Dr Mohamed Sharif Bashir, dean of Faculty Business and Management Science at the Sultan Sharif Ali Islamic University (Unissa) and chairman of the conference's organising committee. Read More

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

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

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 — 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

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