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KUALA LUMPUR, Oct 8 — Bank Islam Malaysia Bhd (BIMB) became “the first pure-play, full-fledged Islamic financial institution listed on Bursa Malaysia’s Main Market” today after taking over the listing status of BIMB Holdings Bhd (BHB), marking the completion of the Islamic banking group’s...
KUALA LUMPUR: Bank Islam Malaysia Bhd clinched The Best New Sukuk Quasi-Sovereign Award at The Asset Triple A Award ceremony held virtually on Sept 15.
PETALING JAYA: The adoption of environmental, social and governance (ESG) principles in the banking sector is gaining momentum but its success will hinge on embracing the right action. Experts and bankers agree that the adoption of ESG principles in the sector is vital and needs beefing up to ensure a healthy bottom line in the long term despite some hiccups. Ernst & Young (EY) Advisory Services Sdn Bhd director for climate change and sustainability services Arina Kok (pic below) said with the recent issuance of the Climate Change and Principle-based Taxonomy by Bank Negara, many financial in...
Conference on Islamic business March 3, 2021 Islamabad : The conference theme was, moving to social, ethical and responsible finance by the Islamic banking and finance institutions (IBFIs). The current banking and finance systems have transferred the wealth to the financial sector operating based on interest and trading in absolute risk. In the backdrop of the failure of the MDGs, the United Nations moved to Value-based Intermediation (VBI) and social finance with sustainable development goals (SDGs). The UN’s 2030 agenda seeks to achieve 17 vital SDGs and 169 specific targets, encompassi...
The public should play an active role in mitigating climate change by generating clean energy for private consumption. KUALA LUMPUR: Public Islamic Bank Bhd and KPower Bhd are working together for the installation and financing of solar photovoltaic (PV) systems for the bank’s customers. They had on Wednesday signed a memorandum of agreement (MOA) where KPower’s unit KPower Engineering Sdn Bhd will install and provide all related technical matters on solar PV systems to the bank’s customers. The MoA was in line with the Net Energy Metering 3.0 (NEM 3.0) launched by the Energy and Natura...