Considered Malaysian news, analysis and opinion.
Malaysia is positioning itself to attract Russian investment through its Islamic finance sector, planning exploratory visits to Central Asia and exporting shariah expertise to countries like Tatarstan.
Sime Darby Property has tapped Islamic capital markets, issuing a RM2.6 billion sukuk wakalah programme through its New Economy Venture subsidiary to finance emerging sector real estate projects across Malaysia.
Bank Rakyat has tapped the sukuk market, issuing RM300 million in Islamic bonds from its RM5 billion subordinated Murabahah programme to reinforce its capital adequacy and enable future expansion.
Takaful IKHLAS, a subsidiary of MNRB Holdings, has distributed sacrificial meat to 106 asnaf recipients in Seremban as part of its Kasih Korban Programme for Aidiladha. The initiative channelled RM59,500 in contributions from employees and partners.
A group of 111 investors have initiated legal proceedings against QEW Group Bhd and its directors, seeking recovery of RM20.45 million invested through what was marketed as a shariah-compliant investment scheme.
Twenty selected participants in Penang have received motorcycles as part of the iTEKAD CIMB Islamic-MAINPP Entrepreneur programme, a collaborative initiative aimed at lifting asnaf communities out of poverty through structured income-generation opportunities.