Browsing by Topic Islamic finance

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Showing results 154 to 163 of 275
  • Malaysia_global_hub_for_fund_administration.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ramadili Mohd, Shamsher Mohamad; Mahomed, Ziyaad (2017)

  • The last decade has witnessed significant growth of fund management companies in the Southeast Asian region, and Malaysia has shown immense potential in this area. The expansion of the middle income class, outstanding talent and abundant natural resources have contributed to this growth. Despite significant developments in the recent past, the mutual fund industry in Malaysia is relatively small compared with other market in Malaysia, particularly in the area of Islamic fund administration, requires a comprehensive financial ecosystem that is globally competitive.

  • Malaysia_not_quite_there_yet_global_wealth_management_hub_eskandar.pdf.jpg
  • Industry Article


  • Authors: Mohd Rasid, Mohamed Eskandar Shah (2016)

  • The sum of global Islamic assets under management (AUM) is relatively small compared with the overall market. In the third quarter of 2015, Islamic AUM represented approximately 1% of the global market or US$60.2 billion; nevertheless, Malaysia contributes the largest portion with a total value of US$27.2 billion, according to data from the International Shariah Research Academy for Islamic Finance and Zawya. Chart 2 illustrates the position of Malaysia as a market leader for Islamic fund management. Growth in this industry, even if it’s small, would be a significant boost to the Malaysian economy and crucial when we need to diversify our economy in order to reduce the over-reliance o...

  • Maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a 100% Muslim country. Islamic finance in the Maldives was introduced 15 years ago. The journey of developing Islamic finance in the Maldives has not been so long, but today the number of players in the market is 12. For a small country like the Maldives, having 12 Islamic finance providers is adequate. In 2003, when Amana Takaful Maldives started its operation in the Maldives, it opened an agency office called Amana Takaful Sri Lanka. Until the 4th March 2010, the company operated through a local agent with a temporary license. Upon receiving a license from the Maldives Monetary Authority (MMA) which is the regulator, the company ceased its operations through the agen...

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • Maldives_center_Islamic_finance_position_Maldives_Islamic_finance_halal_industry_hub_south_asia_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • On the 27th March 2016, at a news conference held at the Ministry of Finance and Treasury, the minister of finance and treasury of Maldives, Abdullah Jihad, announced the formation of the Maldives Center for Islamic Finance that will work toward positioning Maldives as the hub for Islamic finance and the Halal industry in South Asia. The five-year strategic business plan was also inaugurated at the same time.

  • Maldives_Islamic_bank_performs_well_financially_last_quarter_2019_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2020)

  • Maldives Islamic Bank (MIB) has achieved strong and healthy financial results for the final quarter of 2019 with a net profit of MVR25.6 million (US$1.63 million) which is an increase in profit of 13.8% from the third quarter of 2019, according to its press release on the 30th January 2020.

  • Maldives_proved_that_nothing_is_impossible_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2014)

  • The Maldives is a 100% Muslim nation where Islamic finance is emerging as a proxy to the existing conventional system which has been in the country from an immemorial time. The first form of Islamic finance that was adopted in the country was Takaful. In 2003, the first Takaful company was established in the country under a conventional insurance license. In 2011 only, Islamic banking and Islamic capital market services were introduced to the country. Since then Islamic finance in the country has been spreading like wild-fire. The government has also realized the importance of Islamic finance in resolving economic and financial problems. As such Islamic finance has been considered as ...

  • Maldives_seeks_technical_assistance_develop_maldives_center_Islamic_finance_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • On the 24th April 2016, Abdulla Jihad, the minister of finance and treasury of the Republic of Maldives, visited the capital of Malaysia, Kuala Lumpur, with a delegation on an official trip to seek technical assistance to develop the newly established Maldives Center for Islamic finance, an entity that was established with the objective of strategizing and promoting Maldives as the hub for Islamic finance and the halal industry in South Asia.

  • the_maldives_still_faces_islamic_finance_challenges_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Islamic finance has been growing in the Maldives at a fast pace since 2011. One of the issues requiring more attention in the country right now is the lack of awareness about Islamic finance among industry players. The conventional financial institutions offering Islamic finance in the country face a unique challenge and their sustainability is questioned due to the internal conflicts faced over Islamic financial matters.

Browsing by Topic Islamic finance

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 154 to 163 of 275
  • Malaysia_global_hub_for_fund_administration.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ramadili Mohd, Shamsher Mohamad; Mahomed, Ziyaad (2017)

  • The last decade has witnessed significant growth of fund management companies in the Southeast Asian region, and Malaysia has shown immense potential in this area. The expansion of the middle income class, outstanding talent and abundant natural resources have contributed to this growth. Despite significant developments in the recent past, the mutual fund industry in Malaysia is relatively small compared with other market in Malaysia, particularly in the area of Islamic fund administration, requires a comprehensive financial ecosystem that is globally competitive.

  • Malaysia_not_quite_there_yet_global_wealth_management_hub_eskandar.pdf.jpg
  • Industry Article


  • Authors: Mohd Rasid, Mohamed Eskandar Shah (2016)

  • The sum of global Islamic assets under management (AUM) is relatively small compared with the overall market. In the third quarter of 2015, Islamic AUM represented approximately 1% of the global market or US$60.2 billion; nevertheless, Malaysia contributes the largest portion with a total value of US$27.2 billion, according to data from the International Shariah Research Academy for Islamic Finance and Zawya. Chart 2 illustrates the position of Malaysia as a market leader for Islamic fund management. Growth in this industry, even if it’s small, would be a significant boost to the Malaysian economy and crucial when we need to diversify our economy in order to reduce the over-reliance o...

  • Maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a 100% Muslim country. Islamic finance in the Maldives was introduced 15 years ago. The journey of developing Islamic finance in the Maldives has not been so long, but today the number of players in the market is 12. For a small country like the Maldives, having 12 Islamic finance providers is adequate. In 2003, when Amana Takaful Maldives started its operation in the Maldives, it opened an agency office called Amana Takaful Sri Lanka. Until the 4th March 2010, the company operated through a local agent with a temporary license. Upon receiving a license from the Maldives Monetary Authority (MMA) which is the regulator, the company ceased its operations through the agen...

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • Maldives_center_Islamic_finance_position_Maldives_Islamic_finance_halal_industry_hub_south_asia_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • On the 27th March 2016, at a news conference held at the Ministry of Finance and Treasury, the minister of finance and treasury of Maldives, Abdullah Jihad, announced the formation of the Maldives Center for Islamic Finance that will work toward positioning Maldives as the hub for Islamic finance and the Halal industry in South Asia. The five-year strategic business plan was also inaugurated at the same time.

  • Maldives_Islamic_bank_performs_well_financially_last_quarter_2019_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2020)

  • Maldives Islamic Bank (MIB) has achieved strong and healthy financial results for the final quarter of 2019 with a net profit of MVR25.6 million (US$1.63 million) which is an increase in profit of 13.8% from the third quarter of 2019, according to its press release on the 30th January 2020.

  • Maldives_proved_that_nothing_is_impossible_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2014)

  • The Maldives is a 100% Muslim nation where Islamic finance is emerging as a proxy to the existing conventional system which has been in the country from an immemorial time. The first form of Islamic finance that was adopted in the country was Takaful. In 2003, the first Takaful company was established in the country under a conventional insurance license. In 2011 only, Islamic banking and Islamic capital market services were introduced to the country. Since then Islamic finance in the country has been spreading like wild-fire. The government has also realized the importance of Islamic finance in resolving economic and financial problems. As such Islamic finance has been considered as ...

  • Maldives_seeks_technical_assistance_develop_maldives_center_Islamic_finance_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • On the 24th April 2016, Abdulla Jihad, the minister of finance and treasury of the Republic of Maldives, visited the capital of Malaysia, Kuala Lumpur, with a delegation on an official trip to seek technical assistance to develop the newly established Maldives Center for Islamic finance, an entity that was established with the objective of strategizing and promoting Maldives as the hub for Islamic finance and the halal industry in South Asia.

  • the_maldives_still_faces_islamic_finance_challenges_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2018)

  • Islamic finance has been growing in the Maldives at a fast pace since 2011. One of the issues requiring more attention in the country right now is the lack of awareness about Islamic finance among industry players. The conventional financial institutions offering Islamic finance in the country face a unique challenge and their sustainability is questioned due to the internal conflicts faced over Islamic financial matters.