president and RHB Islamic Bank Bhd chief executive, Datuk Adissadikin Ali, said, 'The principles of VBI are key to strengthening the roles of Islamic banking institutions and position Islamic finance as a prominent and leading agent of change by incorporating holistic business practices and offerings into the financial system to ensure a positive and sustainable impact on the economy, community and environment.
"The Global Islamic Finance Forum presents a great opportunity for fintech startups to showcase their offerings for Islamic finance, which is rapidly gaining traction in Muslim-majority nations and international financial centers," says AIBIM
executive director Yusry Yusoff.
Table 1 Islamic banks in Malaysia Type of Banks Number of Banks Foreign Islamic Banks 4 Local Islamic Banks 17 Total 21 Source: AIBIM
(2010) Arguably, there are many places in which shubuhat may occur, but this paper uses one of the main yet unavoidable Islamic banks' activities--dealing with conventional banks as a proxy to measure shubuhat.
According to Zukri Samat, president of AIBIM
, the standardized agreements were the Interbank Murabaha Master Agreement (IMMA) and Master Agency Agreement (MAA), and stressed that like any other money market products, the success of commodity Murabaha-based instruments would depend a lot on the existence of a standardized document as well as universally-acceptable structure and widely recognized by the market.
The others who attended the final session cited are the representatives of the Minister in the Prime Minister's Department's office, the AGC, the Malaysian Anti-Corruption Commission (MACC), the Malaysian Institute of Integrity, the Malaysia Productivity Corporation, the Bar Council, ABM, AIBIM
, Malayan Banking Berhad, Cyber Security Malaysia and Pos Digicert Sdn Bhd.
The charter was developed by the member banks of the Association of Islamic Banking Institutions Malaysia (AIBIM
The forum, in its fifth iteration, is organised by the Association of Islamic Banking Institutions Malaysia (AIBIM
Swift, in collaboration with the Association of Islamic Banking Institutions Malaysia, or AIBIM
, and the Malaysian Islamic financial community, announced that it will launch a new rulebook for the usage of Swift MT messages for Islamic finance.
Summary: The Bloomberg AIBIM
Bursa Malaysia Corporate Sukuk Index, developed with the Association of Islamic Banking Institutions Malaysia (AIBIM
) and Bursa Malaysia, was unveiled at the Global Islamic Finance Forum in Kuala Lumpur, Malaysia, on 18 September.
21 November 2011 - Allied Irish Banks (ISE:ALBK), or AIB, unveiled an agreement to dispose of its asset management business AIB Asset Management Holdings (Ireland) Limited, including AIB Investment Managers Limited (AIBIM
), to South African investment management firm Prescient Holdings (Pty) Limited.
Bloomberg also announced, in cooperation with the Association of Islamic Banking Institutions Malaysia (AIBIM
), the launch of a Malaysian Ringgit (MYR) sukuk index to provide a benchmark for MYR sovereign sukuk investments.
Over the first six months of the year AIBIM
's new Multimanager Fund and Irish Life's Global Access Fund came out on top, returning 7.2 per cent and 6.4 per cent respectively.