Malaysia

Islamic facility agreement signed by ICD and Mizuho Bank

Islamic facility agreement signed by ICD and Mizuho Bank

ICD and Mizuho Bank sign Islamic financing agreement The Islamic Corporation for the Development of the Private Sector (ICD) and Mizuho Bank have formalized a signing of Islamic financing agreement. The Islamic financing term sheet agreement was signed by Mr.Khaled Al Aboodi, the Chief Executive Officer and General Manager of ICD, and Mr. Shojiro Mizoguchi, Chief Executive Officer of Mizuho Bank (... »

IMF: Malaysia is world leader and standard-setter in Islamic finance

IMF: Malaysia is world leader and standard-setter in Islamic finance

Outstanding Islamic Debt Securities Approching Conventional Debt Malaysia is a world leader and standard-setter in Islamic finance. In recent years, the government increased the use of Islamic debt instruments for funding purposes. In April 2016, the government issued its fifth dollar-denominated sovereign sukuk (Malaysia 2026, and Malaysia 2046) for US$1.5 billion using nonphysical assets as coll... »

Malaysia at Cross Roads

Malaysia at Cross Roads

Malaysian Islamic Finance at Cross Roads Following its recent Sukuk default, the IMDB corruption scandals continues to cast a dark shadow over the Malaysian financial sector with this week the United States moving to seize more than $1bn in assets, ranging from plush properties to a private jet, from people connected to Prime Minister Najib Razak. Against this backdrop, Islamic finance activity in... »

Bank Negara Malaysia Launches E-market Platform

Bank Negara Malaysia Launches E-market Platform

Bank Negara Malaysia today launched MarketplaceIF, a e-market platform where those seeking Islamic finance financial solutions and services are able to meet providers. »

Sukuk Market Developments in Asia for Q216

Sukuk Market Developments in Asia for Q216

Report by Asian Development Bank – Asia Bond Monitor September 2016, Review of Islamic Finance and Sukuk market in South East Asia. Sukuk represented 11.8% share vs. conventional in Indonesia and 54.6% in Malaysia Emerging East Asia’s G3 currency bond issuance declined 2.5% y-o-y in January–July In Southeast Asia, total G3 currency bond issues (bonds issued in US dollars, yen and euros) were... »

Global Exchanges Develop Cross Border Islamic Capital Markets

Global Exchanges Develop Cross Border Islamic Capital Markets

World Sharia Stock Market Centre Announcements from the stock exchanges of Indonesia and Malaysia, as well as the Channel Islands this week are welcome signals for the cross border development of the Islamic Capital markets. The World Sharia Stock Market Centre, to be developed by the Indonesian Stock Exchange (IDX) and Bursa Malaysia aims to establish a global benchmark for Islamic capital market... »

Global Takaful Insights 2014 by EY

Global Takaful Insights 2014 by EY

Global Takaful Insights 2014 by EY Highlights Growth and profitability prospects for takaful operators vary significantly by markets and sectors, depending on the market’s economic maturity, industry and regulatory structure. Despite volatility in financial markets, there appears to be growth momentum in three key markets: Saudi Arabia, United Arab Emirates (UAE) and Malaysia. Acquisition of  mark... »

Malaysia leads in Islamic Finance Innovation

Malaysia leads in Islamic Finance Innovation

In a recent interview, respected Islamic finance practitioner Daud Baker who serves on the Shariah Advisory Council at the Malaysian Central Bank, Bank Negara stated the global community is looking to Malaysia to lead in innovation. »

Bursa Malaysia Islamic Securities listings reach $342.7 billion

Bursa Malaysia Islamic Securities listings reach $342.7 billion

As of end of Q1 2016, Islamic compliant securities (Islamic Capital Market) listed on Bursa Malaysia totalled USD$306.7 billion, the highest for any exchange globally. »

Malaysia Begins Marketing Sovereign Sukuk – Targets $1.5 Billion Issuance

Malaysia Begins Marketing Sovereign Sukuk – Targets $1.5 Billion Issuance

Malaysia has started marketing its upcoming 1.5 billion dollar sukuk issuance, which would be the second in two years. »

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