Islamic Finance
Malaysia's MAA to Sell Life Insurance Unit in Indonesia
Malaysia's MAA Assurance, an insurance subsidiary of MAA Holdings Bhd., is seeking buyers for its life insurance unit in Indonesia, PT MAA Life Assurance, as it plans to withdraw from the life business in the country.
Filed Under: News Articles
QIIB financing portfolio jumps
The demand for funding has picked up considerably in the last six months of this year and is reflected on a 16% jump in International Islamic’s financing portfolio in H1, the bank’s chief executive officer Abdulbasit A al-Shaibei said.
Filed Under: News Articles
Kuwait Finance House Launches Gold Discovery Campaign
Kuwait Finance House (Malaysia) Berhad (KFHMB), the first foreign Islamic bank in the country, has launched the Gold Discovery campaign today.
Filed Under: News Articles
Takaful maintains momentum in 2010, says S&P
Standard & Poor's report titled ‘Takaful Insurance Has Long-Term Viability and Benefits from Expected Growth, But Stiff Competition Persists’ sees high expected growth, positive technical results and increasing profitability
Filed Under: News Articles
Family Segment to Drive Takaful Sector Growth to RM4.2 Bln This Year
The takaful industry is expected to grow to RM4.2 billion this year from RM3.5 billion last year with the family segment the main driver.
Filed Under: News Articles
Great Potential for Takaful Sector to Continue Growth
The takaful industry has great potential to continue its growth on strong demand for its products not only from the Muslims but also the non-Muslims.
Filed Under: News Articles
UAB profits hit Dh141m in first half
United Arab Bank (UAB) yesterday announced Dh141 million in net profit for the first half of 2010, up 5.3 per cent on the same period last year.
Filed Under: News Articles
RM5b ALIm marks a first for Saudi bank Al Rajhi
Saudi Arabia's Al Rajhi, the world's largest Islamic banking group, has unveiled its first Islamic bond, called Sukuk ALIm, exactly eight years after Malaysia issued its maiden sovereign Sukuk.
Filed Under: News Articles
Islamic banking share to reach 15%
The Islamic banking share would increase to 15 percent soon, head of Islamic Banking, Habib Metropolitan Bank, Muhammad Haroon Ahmed said.
Filed Under: News Articles
Tune Money Launches Tune Raya Takaful Coverage for Hari Raya
Tune Money Sdn Bhd, the one-stop online financial services company of Tune Group, has launched "Tune Raya Takaful", its first product offering available for online purchase.
Filed Under: News Articles