Global Halal, Islamic Finance News At Your Fingertips
Is Malaysia ready to handle the economic fallout from COVID-19? The country has been facing this seemingly unsurmountable challenge along with other world economies due to the coronavirus pandemic. Can it also save the Islamic economy ecosystem it has developed over the past three decades? The following is an analysis recently published on the www.thestar.com.my. …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?Read More
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis. With its growing middle class, high mobile phone penetration rates, and strong government …
Malaysian Financial Sector has considerable Promise for ExpansionRead More
PETALING JAYA: The Halal Development Corporation Bhd (HDC) plans to promote up to 700 Malaysian professionals in the international market to meet the strong demand for talents with experience in the halal sector. CEO Hairol Ariffein Sahari said the talents will be needed for the companies’ halal operations as well as the exchange of technologies …
HDC To Promote Malaysian Talents For Global Halal IndustryRead More
KUALA LUMPUR (June 20): Bursa Malaysia Bhd has added Inter-Pacific Securities Sdn Bhd to the bourse operator and regulator’s Islamic participating organisations list to further grow the Islamic capital market. Bursa Malaysia said in a statement today that Islamic stockbroking services played an important role, under which clients’ funds were placed in Shariah-compliant accounts. “With …
Bursa Malaysia Adds Inter-Pacific to Islamic-Compliant ListRead More
CONVENTIONAL banks aside, there is a push by industry players for mergers and acquisitions (M&A) to take place in the crowded Islamic banking as well as the non-bank lender space. There are 16 Islamic banks in Malaysia. Two are full-fledged standalone banks: Bank Islam (M) Bhd and Bank Muamalat Malaysia Bhd. Eight more are subsidiaries …
Push for Mergers Among Islamic Banks and Non-Bank Lenders in MalaysiaRead More
Islamic banks have continued to expand their balance sheets and capital buffers, but the era of double-digit growth rates could be coming to an end while asset quality concerns creep up, an industry oversight body said recently. Islamic finance, which has its core markets in the Middle East and Southeast Asia, follows religious principles that …
Islamic Banks Expand, But ‘Double-Digit Growth Spree May be Over’Read More
A Malaysian technology and energy incubator has agreed to collaborate with companies in Hong Kong and China to produce and market halal-certified foods internationally. In a stock market filing, Asia Bioenergy Technologies said its Asiabio Capital subsidiary had signed a memorandum of understanding with YRZC International, Shan Xi Hong Hui Food (SXHHF) and Shan Dong …
Malaysian Incubator Signs Deal to Boost China’s Halal ExportsRead More
KUALA LUMPUR, June 9.An investment holding company of Felda Global Ventures Holdings has shelved plans to sell an Islamic bond in Malaysia, IFRreported on Friday, after investigators raided the parent FGV‘s headquarters following allegations of corruption. FGV Seri Costa had filed 1.5 billion ringgit ($352 million) sukuk wakalah programme with Malaysia’s securities regulator and sole …
Malaysia’s Felda Global Shelves $350 Mln Islamic Bond IssueRead More
Malaysia-based budget airline AirAsia has unveiled the latest in crew fashion with a new specially designed hijab for the carrier’s female pilots. The hijab, which will be worn by female Muslim pilots on board AirAsia and AirAsia X flights, was designed in collaboration with hijab brand Naelofar Hijab. The airline said the hijab was “specifically tailored to …
AirAsia Female Pilots Get Specially Designed Hijab as Part of UniformRead More
Tawau: Six tonnes of chicken meat from the United States were confiscated from two supermarkets here, Wednesday, for not having the Halal logo – the largest such bust here in an integrated operation led by the Sabah Islamic Religious Affairs Department.Its administration officer here, Abdul Imam Basirun, said the Department of Veterinary and Animal Industry …
Taiwanese travel e-commerce platform, KKDay, has announced it is expanding its footprint to Malaysia. With the launch of platform, CEO Ming Chen wants to dominate the $5 million travel and tourism industry of the nation. The company, strategically, planned the move into the country seeing a “growing population, wanderlust for travel among Malaysians, and a thriving …
Travel Marketplace KKDay Debuts in Malaysia to Dominate the $5Mn Tourism IndustryRead More
KUALA LUMPUR: Conglomerate Sime Darby Bhd has received bondholders’ approval to restructure its US$800 million sukuk, a milestone in the group’s proposed debt reorganisation, which forms part of its plan to create three independent listed companies. US$400 million of the sukuk mature in 2018 and an equal amount in 2023. Sukuk holders approved the company’s …
