BRUNEI - EDUCATION - Centre for Islamic Banking, Finance & Management launched

new.brunei.fm - Her Royal Highness Princess Hajah Hafizah Sururul Bolkiah yesterday attended the official launching of the Centre for Islamic Banking, Finance and Management (CIBFM) and its first flagship, the Fiqh Mu’amalat Professional programme.

Held at the Indera Kayangan Ballroom of The Empire Hotel and Country Club, the launch opened with recitations of surah al-Fatihah and doa led by Pehin Orang Kaya Paduka Seri Raja Dato Paduka Seri Setia Ustaz Hj Awg Suhaili Hj Mohiddin. (source)

AUSTRALIA - FINANCE - Australia's Crescent Wealth targets Malaysian investors

MELBOURNE: Crescent Wealth, Australia's first Islamic wealth manager, is targeting a signifi-cant opportunity for its managed funds to attract investment from Malaysia, which is home to the world's second-largest Islamic funds market with about US$5 billion (RM15.65 billion) under management.

Crescent Wealth, which last month launched the first Islamic Australian equity fund, is pioneering Australia's potential to become a global hub for Islamic investing and tap into the A$1.4 trillion (RM4.52 trillion) global Islamic financial services market, the firm said yesterday. (source)

MALAYSIA - BANKING - Islamic banks urged to boost short-term syariah-compliant products Read more: Islamic banks urged to boost short-term syariah-compliant products

KUALA LUMPUR: Islamic banks in the country Malaysia have been urged to introduce more short-term syariah-compliant products to attract foreign investors.

 

We always have investors in Malaysia looking for syariah-shariah compliant products and sometimes, from the risk management perspective, because of due to the risk management perspective, they are constrained in putting their investment into investing in Islamic assets. that they have.

Hence, they will go abroad and invest in syariah-compliant products overseas,” said Amanie Islamic Finance Consultancy and Education LLC managing director, Dr Mohd Daud Bakar. (source)

MALAYSIA - Foreign Shariah advisories make their mark in Malaysian Islamic capital market

The latest list of Shariah advisers serving the local Islamic capital market (ICM) and registered by the Securities Commission of Malaysia (SC) confirms that five such individual foreign advisers are registered with the commission.

The commission is the only securities regulator in the world that requires such registration. (source)

BANKING - Qatar follows Malaysia to boost Islamic banking

Bloomberg/Dubai

 
Qatar, in requiring banks from HSBC to Doha Bank to close units offering Shariah-compliant services, is emulating Malaysia, the world’s biggest market for Islamic debt.

The Gulf nation, whose economy is growing at the fastest pace in the world, sent an order to banks this week requiring non-Islamic commercial lenders to shut operations that comply with Shariah law by year-end, according to the central bank circular. Malaysia allows standalone Islamic banks and subsidiaries to provide the services. (source)