Cover Story

Meeting the better half: Unless inflation and unemployment come knocking on the door

Banks are restricting lending, customers are defaulting on financing and inflation is ballooning. Will 2017 be another challenging year for Islamic banks? Almost certainly. But will it be as tough? VINEETA TAN finds out. Lending slows, asset...

Asset Management

Financial sector could be the asset class to boost Islamic asset management industry

The chairman of the nation’s largest asset management company has called for the separate listing of Islamic banking stocks in order to increase the exposure of Shariah fund managers to the financial segment, which has so far been relatively...

Capital Markets

ISSBNT: A saving grace for the local iETFs?

Bursa Malaysia intends to give a conventional framework a Shariah spin to leverage it to the benefit of the Islamic capital markets. The stock exchange has drafted an Islamic version of the Securities Borrowing and Lending – Negotiated...


Tawarruq banking contracts on the rise

Controversial as it may be, reverse Murabahah contracts are gaining traction year-on-year solidifying its position as the most popular Shariah banking contract in Malaysia. Tawarruq financing, according to latest central bank data, grew over 34%...


Regulators to liberalize short-selling framework to boost market liquidity

Regulators are considering regulating Islamic short-selling involving government securities in a move to deepen market liquidity and close the pricing gap between conventional and Shariah papers issued by the government. Regulators are...


A golden fintech opportunity – HelloGold eyes regional expansion

A Japanese firm has forged an alliance with a gold fintech start-up to offer Malaysian consumers Shariah compliant asset-backed personal financing, a partnership made possible by a new Shariah standard in gold. The collaboration agreement signed...


The curious case of the Malaysian Competition Act: What can the Takaful industry learn?

The Malaysian Competition Commission (MyCC) this year took action against the General Insurance Association of Malaysia (PIAM) along with 22 of its members for allegedly being involved in an anti-competitive agreement. The issue made headlines in...

Case Study

KDU’s Sukuk Ijarah: A fusion of structures committing to a variety of causes

KDU University College recently tapped the Islamic debt capital markets to raise funding for its new university campus in Penang, among others. MY Islamic Finance takes a closer look at the transaction. Raising RM30 million (US$6.81 million),...

News Briefs

News Brief

A roundup of the latest Islamic finance news in Malaysia and from around the world with a direct impact on the Malaysian market.