Islamic Finance

No compound interest / profit on deferred loans for SME and individuals

AmBank and AmBank Islamic Customers to Benefit From No Interest/Profit & Principal Payments for 6 Months Effective 1 April 2020.
As we face the ...

AmBank Approves Special Help for SMEs and Malaysians Within 24-Hours

AmBank has prioritised providing relief to customers who are impacted by the circumstances surrounding the COVID-19 pandemic. We continue to offer ...

Cagamas-AIM provides aid for B40 single mother entrepreneurs

by TMR
CAGAMAS Berhad (Cagamas), the National Mortgage Corporation of Malaysia, is providing support to single-mother entrepreneurs within the B40 ...

EXIM Bank Malaysia Set to Aid COVID-19 affected Clients

Kuala Lumpur, 14 February 2020 – Export-Import Bank of Malaysia Berhad (“EXIM Bank”) joins an array of caring banks offering assistance to clients who have ...

AmBank allows for temporary deferment or restructuring of instalment repayments for customers affected by the Novel Coronavirus (2019-nCoV)

by TMR/ pic by MUHD AMIN NAHARUL
AMBANK Group will offer temporary deferment or restructuring of instalment repayments for its individual and SME ...

Global Islamic finance growth slows to 3% in 2018

Despite the slower growth, total assets across the industry grew to RM10.3t in 2018 from RM10t previously
by HARIZAH KAMEL / pic by BLOOMBERG ISLAMIC ...

After Aramco’s record IPO, traders now ask how to short shares

by BLOOMBERG / pic by BLOOMBERG
NEW YORK • Shares of Saudi Arabian Oil Co (Saudi Aramco) have shot up 10% since its record-setting US$25.6 billion ...

Islamic banks could benefit from digital banking, say experts

Lenders will do well in embracing digitalisation, as having access to customer data allows banks to mine data, employ data algorithms
by SHAZNI ONG / ...

Islamic banks ready to support SMEs

In September, during the National Entrepreneurship Week, Islamic banks granted RM20b worth of financing access, says AIBIM acting ED
By HARIZAH KAMEL / ...

Islamic finance sector to benefit from rapid family takaful growth

The family takaful certificate in force is forecast to reach 14.3m in comparison to 13.8m for life insurance
by SHAZNI ONG/ pic by MUHD AMIN NAHARUL ...

Better showing for listed standalone Islamic financial groups

BHB and MBSB are the only 2 standalone Shariah-compliant financial institutions listed on Bursa
by MARK RAO / pic by MUHD AMIN NAHARUL LOCAL Islamic ...

Starbucks Malaysia celebrates 300th store opening at Bukit Bintang Junction

New store reaffirms Starbucks Malaysia’s commitment to consistently deliver its coffee experiences across the nation
Starbucks Malaysia has opened its ...