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Fitch expects takaful penetration to keep rising, supported by government initiatives to provide financial assistance for the bottom 40% of income earners to purchase insurance and takaful coverage under the “Perlindungan Tenang” scheme.
PETALING JAYA: Asset management firms appear to be witnessing encouraging growth as people look for various avenues to park their money amid the uncertain economic outlook brought on by the Covid-19 pandemic.The prevailing environment seems to bode well for such companies due to the low interest rates environment, among other factors.
KUALA LUMPUR: Affin Hwang Asset Management Bhd’s assets under administration (AUA) recorded a 26% increase to RM73bil at end-2020, which was the strongest since its inception in 2001.
KUALA LUMPUR: The long-term potential for Islamic finance remains promising globally in a post Covid-19 environment due to its principles of inclusivity, according to Bursa Malaysia chairman Tan Sri Abdul Wahid Omar.
PETALING JAYA: The Securities Commission (SC) has launched a new framework to facilitate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment.
KUALA LUMPUR: The Securities Commission has launched a new framework to faciliate the offering of Islamic funds with waqf features to enable the growth of the Islamic social finance segment.
MUMBAI: Fitch cut its outlook on India’s sovereign rating to “negative” from “stable” and forecast a 5% contraction in growth for the current fiscal year, saying the coronavirus outbreak was extracting a heavy toll on the economy.
KUALA LUMPUR: TA Investment Management Bhd has declared a gross income distribution of 1.0 sen per unit for TA Islamic Fund (TAIF) to registered unit holders of the funds as at May 29.