MARC Affirms AAAIS Rating on TNB Western Energy’s Sukuk
MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy...
Islamic Banks Ready to Support SMEs
Small and medium enterprises (SMEs) are not fully utilising various solutions provided by Islamic banks due to a lack of awareness but it is...
Indonesia’s New Tax Incentives for Investments Alone Won’t Help Halal Industry
Indonesia's government on December 13 issued regulation No. 78/2019 that offers tax incentives for businesses and their extension to 183 sectors from 145 sectors.
Sectors...
Malaysia to Issue Up to Five Digital Banking Licences
The Malaysian central bank said on Friday that it would issue up to five licences to qualified applicants to establish digital banks to conduct...
Who Makes the Rules for Islamic Finance?
Islamic finance offers products and services that comply with Islamic law (sharia) but who decides what is and is not sharia-compliant and what mechanisms...
Monetary Board Approves Rules for Islamic Banking Framework
The Bangko Sentral ng Pilipinas (BSP) is set to issue the implementing rules for the country’s Islamic banking law after the Monetary Board (MB)...