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Corporate News 15 Jun 2017 | 6:20 AM

Islamic finance industry frets as Dana Gas deems its sukuk invalid

DUBAI: A decision by Abu Dhabi-listed Dana Gas to declare US$700 million of its sukuk invalid has sent shivers through the Islamic finance industry, raising concern about the safety of syariah-compliant debt instruments in general.

IKIM Views 24 Jan 2017 | 12:00 AM

Socially responsible entrepreneurship

Trade and business have a special position in Islam as a way of earning a living, but they should not have any adverse effect on the interest and well-being of other stakeholders.

Business 22 Feb 2016 | 12:00 AM

Game changer for Maybank Islamic

KUALA LUMPUR: Malaysia’s biggest Islamic lender, Maybank Islamic Bhd, says the investment account (IA) business is set to be a game changer for the group in its effort to boost earnings growth amid the subdued banking landscape.

Business 02 Jun 2015 | 11:09 AM

BIMB shares up after Bank Islam plans to increase fund size

KUALA LUMPUR: BIMB Holdings Bhds share price on Bursa Malaysia reacted well following announcement that its wholly-owned subsidiary, Bank Islam Malaysia Bhd aimed to increase the fund of two products under its Term Investment Account over the next six months

Business 02 Jun 2015 | 12:00 AM

Bank Islam eyes RM2bil fund size

KUALA LUMPUR: Bank Islam (M) Bhd is aiming for a fund size of RM2bil for the newly launched Waheed Investment Account (WIA Wakalah) and Special Investment Account products under the term investment account over the next six months.

Business 01 Jun 2015 | 4:43 PM

Bank Islam eyes RM2bil fund size

KUALA LUMPUR: Bank Islam (M) Bhd is aiming for a fund size of RM2 billion for the newly launched Waheed Investment Account (WIA Wakalah) and Special Investment Account(Mudarabah) products under the Term Investment Account over the next six months.