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Window of opportunity for Kazakhstan to be Islamic finance hub

From Siti Radziah Hamzah

KUALA LUMPUR, July 7 (Bernama) -- Kazakhstan’s Astana International Financial Centre (AIFC) aims to set itself up as the Islamic Finance hub in Central Asia and the Eurasian Economic Union, which has a combined population of more than 200 million. 


BNM international reserves increases to US$102.7 bln as at June 28

KUALA LUMPUR, July 5 (Bernama) -- Bank Negara Malaysia’s (BNM) international reserves increased to US$102.7 billion as at June 28,2019 from US$102.6 billion as of June 14, 2019.


Virtual banks can attract more millennials to Islamic banks 

From Siti Radziah Hamzah

NUR-SULTAN (KAZAKHSTAN), July 4 (Bernama) -- The virtual banking space can be a boon to Malaysian Islamic banks, which have been active in digitalisation, to further attract younger customers or the millennials, who are heavily reliant on technology. 


Maybank aims 10,000 device acceptance for Tap2Phone

Malayan Banking Bhd (Maybank) today launched its latest Tap2Phone payment solution for small businesses and is aiming over 10,000 device acceptance points within the next 12 months, says senior executive vice president Datuk Hamirullah Boorhan.


Bank Muamalat posts RM241.2 mln PBT for FY 2019

KUALA LUMPUR, July 1 (Bernama) -- Bank Muamalat Malaysia Bhd's (BMMB) profit before tax increased 4.6 per cent to RM241.2 million for the financial year ended March 31, 2019, from RM230.5 million posted in the corresponding period of 2018.


Digitisation and regulatory support drive growth of Islamic finance in M'sia, Indonesia

By Massita Ahmad

SINGAPORE, July 1 (Bernama) -- Digitisation, along with continued government commitment to develop Islamic banking, will support the growth of the sector in both Malaysia and Indonesia, according to Moody's Investors Service.


Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest
Dryer cabin project generate economy of fishermen in Kampung Talun, Bongawan

 
Bank Muamalat collaborates with Alibaba cloud to expedite financial inclusion

Insurance coverage for longhouses
AIA appoints Ben Ng as CEO

 
CIMB Islamic, Takaful Ikhlas partnership eyes RM168 mln of business

MIDDAY, WEDNESDAY, AUG 21
US4.1710/1760
S'pore3.0137/0186
100 Yen3.9164/9222
Sterling5.0715/0793
Euro4.6277/6341
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
Yes
No
Not sure
 
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