Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
KLIFF 2017 Focuses On Wakaf Fund Development
Last update: 03/10/2017

KUALA LUMPUR, Oct 3 (Bernama) -- The development of†Wakaf†Fund has received a special attention at the Kuala Lumpur Islamic Finance Forum (KLIFF) 2017 which was attended by more than 900 local and foreign Islamic finance professionals and experts.

The Association of Islamic Banking Institutions Malaysia (AIBIM) said the Wakaf†Fund, which was pioneered†by six Islamic financial institutions in Malaysia, provided a†platform for the collection of wakaf†(Islamic endowments) from contributors through existing channels.† † †

The†collaboration is†also expected to involve various state Islamic religious†councils who†are†entrusted with the development of wakaf projects in their respective states, AIBIM†said in a statement here today.

Meanwhile, Amanie Advisors Sdn Bhd Chairman Datuk†Dr†Mohd†Daud†Bakar†described†the†collaboration between Islamic financial institutions and the state Islamic religious councils would be a positive step towards†enhancing the socioeconomic status of Muslims in Malaysia.

He was delivering his remarks†during†the ?Islamic Finance Smart Talk' at the forum,

Amanie Advisors is a leading Shariah advisory firm specialising in Islamic finance solutions.†

AIBIM†said the†KLIFF†also discussed the direction and development of Islamic finance in Malaysia.

The Wakaf†Fund is a strategic collaboration between†Affin Islamic Bank Bhd, Bank Islam Malaysia Bhd, Bank†Kerjasama Rakyat Malaysia Bhd, Bank Muamalat Malaysia Bhd, Maybank Islamic†Bhd, and†RHB Islamic Bank Bhd.

The collaboration provides†the Islamic banking industry with a platform to promote positive values to the community and the economy, AIBIM†said.

-- BERNAMA


 <Back>

GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

 
Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

 
Taiwan's Shinkong Insurance company gets excellent ratings

CLOSING, MONDAY, JUNE 18
US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
Yes
 [tally] 15%
No
 [tally] 78%
Not sure
 [tally] 7%
Polls

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution