AIBIM

AcronymDefinition
AIBIMAssociation of Islamic Banking Institutions Malaysia
References in periodicals archive ?
The launch of the Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index is timely as it will contribute to better price transparency that enables investors to make informed investment decisions.
The Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index will serve as a benchmark for investors of ringgit-denominated Islamic bonds in Malaysia, the world's biggest sukuk market.
Bloomberg will calculate the Index daily, with rates and prices contributed by member banks of AIBIM.
He said AIBIM was concerned about rumours about the banking system.
This initiative marks a significant development in furthering the level of efficiency for Islamic finance transactions particularly, in ensuring compliance to Shariah requirements," said Yusry Yusoff, executive director of the AIBIM.
Understanding this prerequisite, AIBIM, at the request of and driven by its members, has developed common and standardized documents, comprising the MAA and the IMMA, which can be used by Islamic banking institutions for their interbank transactions involving deposit-taking and placement," he told delegates at the launch of the master agreements in Kuala Lumpur on April 15 in the presence of Zeti Akhtar Aziz, governor of Bank Negara Malaysia, the central bank.
According to AIBIM, the MAA and IMMA are bilateral agreements between the deposit-placing entity (DPE) or the principal and the deposit-taking entity (DTE) or the bank.
The Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index aims to serve as a benchmark for investors of MYR-denominated Islamic bonds in Malaysia, the world's biggest Sukuk market.
The MYR sukuk index developed with Bloomberg will become the Islamic benchmark of choice for the Malaysian sukuk market and help stimulate the growth, competitiveness and sustainability of Islamic financial services," says Dato' Mohd Redza Shah Abdul Wahid, President, AIBIM.
The Thomson Reuters Global Sukuk Index and the MYR-denominated Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index were both unveiled today at the Global Islamic Finance Forum (GIFF) 2012 in Kuala Lumpur, Malaysia.
The Bloomberg AIBIM Bursa Malaysia Corporate Sukuk Index, developed with the Association of Islamic Banking Institutions Malaysia (AIBIM) and Bursa Malaysia, aims to serve as a benchmark for investors of MYR-denominated Islamic bonds in Malaysia, the world's biggest Sukuk market.