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JAKARTA (The Jakarta Post/ANN): Flag carrier Garuda Indonesia is facing an insolvency lawsuit over its failure to pay aircraft lease while trying to stay afloat in an industry severely hit by the Covid-19 pandemic.
KUALA LUMPUR: CIMB Islamic Bank Bhd and CIMB Investment Bank Bhd clinched three major awards at the 13th annual Alpha Southeast Asia Best Islamic Finance Awards 2021.
KUALA LUMPUR: Moody's Investors Service has affirmed Cagamas Bhd's A3 long-term local and foreign currency issuer ratings.
Malaysia, Saudi Arabia set to lead Sukuk market growth, swing investors
Issuance reinforces country’s lead in Islamic finance
KUALA LUMPUR: The strong demand for Malaysia's sovereign international sustainability sukuk shows investor interest in sustainability finance and a credit positive to the government, said Moody's Investors Service.
Standard Chartered Securities, a subsidiary of Standard Chartered Bank, marked a milestone as the first capital market service licence holder in the country to be granted approval to conduct Islamic investment business through an Islamic window.
KUALA LUMPUR: Malaysia continues to dominate global sukuk markets in 2020, with a market share of 39.2%, despite the impact of the pandemic on the global economy and economic sentiment.
Sultan of Perak, Sultan Nazrin Shah said the Islamic capital market has proved resilient during the Covid-19 pandemic and created an enormous impact on economies around the world, with global sukuk issuances growing in 2020
Sultan Nazrin hopes that stakeholders in the global financial markets would step forward and boost their contributions in supporting and re-energising the United Nations’ Sustainable Development Goals (SDG) initiatives.