News about Islamic

KUALA LUMPUR (Oct 7): Property developer UEM Sunrise Bhd has lodged information with the Securities Commission regarding its Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined aggregate limit of up to RM4 billion in nominal value.

PUTRAJAYA (Feb 19) : Datuk Seri Najib Razak's appeal over the dismissal of his suit against against AMMB Holdings Bhd, AmBank Islamic Bank Bhd and the bank's former customer relationship manager Joanna Yu Ging Ping has been fixed for hearing at the Court of Appeal on June 25.

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.

KUALA LUMPUR (May 5): Country View Bhd has accepted RM31 million in Islamic financing from AmBank Islamic Bhd (AmBank Islamic).

KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.

KUALA LUMPUR (March 25): Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd have offered their customers the option of converting their credit card balances into a three-year loan at an effective interest or profit rate of 13% per annum.

KUALA LUMPUR (March 25): AmBank Islamic Bhd and AMMB Holdings Bhd have joined with former relationship manager Joanna Yu Ging Ping to file a striking-out application of the suit filed against them by former premier Datuk Seri Najib Abdul Razak.

KUALA LUMPUR (March 24): The Malaysia-China Chamber of Commerce (MCCC) and Malaysian Islamic Chamber of Commerce (MICC) is asking the government to allow active contributors of the Employees Provident Fund (EPF) to withdraw their 11% contribution to the fund over the past six months.

KUALA LUMPUR (March 20): The Malaysia-China Chamber of Commerce (MCCC) and Malaysian Islamic Chamber of Commerce (MICC) have called for strict enforcement to make the country’s movement control order (MCO) work with the prescribed 14 days to curb the spread of the COVID-19 outbreak.

KUALA LUMPUR (March 6): CIMB Bank Bhd and CIMB Islamic Bank Bhd are reducing their base rate and fixed deposit rate/fixed return income account-i board rates by 25 basis points, in line with the overnight policy rate cut announced by Bank Negara Malaysia on Tuesday.