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KUALA LUMPUR (March 1): Malaysia's Islamic banking sector continued to expand amid economic challenges brought on by the Covid-19 pandemic, said Fitch Ratings. Malaysia also continued to be the largest Islamic banking, sukuk and takaful market in ASEAN, it...
Fitch Ratings said the share of Malaysia’s Islamic financing in the banking system reached 37 per cent by the end of 2020. — Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to...
 The Sultanate of Oman is in the process of establishing the legal and regulatory framework that will be applicable to Islamic banks and to the Islamic “windows” of conventional banks that are licensed to operate in Oman. Various...
Global sukuk issuances during the year 2018 stood at $123.2 billion, marking an increase of 5.5 per cent over 2017 primary market sukuk issuances of $116.7 billion, said the International...
ICB Islamic Bank has sought restructuring of the repayment package for depositors of its predecessor Oriental Bank on grounds of a liquidity crunch, Bangladesh Bank officials said. The bank still has to return Tk 444.34...
It is meanwhile commonly acknowledged that Islamic finance is a...
KARACHI: The government is all set to issue pound sterling and euro denominated shariah-compliant Naya Pakistan certificates for non-resident Pakistanis this week, sources said on Tuesday. “Banks are getting prepared for offering the INPCs in British Pound and...

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