Talks between BIMB Holdings and the Dubai Financial Group (DFG) over the latter’s 30.5% stake in Bank Islam Malaysia have stalled. This is because a long-awaited plan by BIMB to transfer its listing status to Bank Islam is nearing fruition, a prospect …
Bank Negara has given its consent on negotiations between BIMB Holdings Bhd on one side and Dubai Financial Group LLC (DFG) and Lembaga Tabung Haji (LTH) on the other on the topic of BIMB Holdings Bhd’s proposal to acquire DFG’s stake in Bank Islam Mal…
The deputy governor of Bank Negara , Datuk Mohd Razif Abd Kadir, passed away at the age of 58 with his family members and friends by his bedside.
Razif joined Bank Negara in 1976 and had several senior positions in the central bank throughout his caree…
A licence for the bank to create Asia’s first multinational Islamic bank will awarded in the third quarter. This has the possibility to increase the ability of syariah-compliant lenders to carry out larger sukuk deals, after global sales more than doub…
Because of the recent launch by Bank Negara Malaysia of its new Islamic monetary management instrument, the Bank Negara Monetary Notes-Istithmar (BNMN-Istithmar), the attention of the global Islamic capital market is once again on Malaysia.
It seems th…
The Malaysian Islamic banking system (MIBS) acomplished a very important approval by the resilience of the industry and its sustained recovery. Bank Negara Malaysia’s 2010 Financial Stability Report shows that the MIBS were still resilient throughout 2…
Malaysia adopted on Jan. 1 a new Shariah Governance Framework (SGF) for Islamic financial institutions (IFIs) that supersedes the Guidelines on the Governance of Shariah Committees of IFIs introduced by Bank Negara Malaysia (BNM).
One prominent interna…
The nation’s Islamic capital market is seen as being intelligently positioned within the evolving Islamic financial-services industry.
As one of the panel members at the 17th Annual World Islamic Banking Conference 2010 (WIBC 2010) in Manama, Bahrain…
Bank Negara Malaysia is offering up to two new Islamic banking licences to foreign firms to set up banks with at least $1 billion of paid-up capital. The industry hopes that this will spur more lending and create bigger Islamic banks that can compete w…
Great Eastern Takaful Sdn. Bhd. as commenced business in Malaysia.
Malaysia-based Great Eastern Takaful offers comprehensive takaful, or Islam-compliant insurance products and services, with the aim to achieve 180 million ringgit (US$57.2 million) in t…
MARKETWATCH Top News