BISHKEK, Kyrgyzstan (MNTV) — Kyrgyzstan’s banking sector recorded sharp growth in the first nine months of 2025, with assets, loans and deposits all rising at double-digit rates, the National Bank said Wednesday. As of Sept. 30, the country operated 21 commercial banks and 305 branches. Total banking assets climbed 38 percent since January to ...
KUALA LUMPUR, Malaysia (MNTV) – Malaysia has marked another milestone in Islamic finance with the launch of the world’s first 118 million Malaysian ringgit ($28 million) climate sukuk, integrating Shariah principles with green finance, digital tokenization and carbon credit monetization, reports Malay Mail. A sukuk is an Islamic financial cert...
Says changes give industry players time to get familiar with reportorial requirements MANILA, Philippines (MNTV) — The central bank of the Philippines (Bangko Sentral ng Pilipinas or BSP) has eased its rules governing Islamic banking units, reports ABS-CBN. In a statement, the BSP said the rules institutionalize the three-year observation per...
BAKU, Azerbaijan (MNTV) — The introduction of Islamic banking windows in Azerbaijan is expected to create new income opportunities for local banks and enhance financial inclusion, according to a report by international ratings agency Moody’s. On October 7, the Central Bank of the Republic of Azerbaijan (CBA) announced that Islamic banking prod...
KUALA LUMPUR, Malaysia (MNTV) – Islamic insurance giant Takaful Malaysia Keluarga is bracing for tighter profit margins as rising taxes, new finance costs, and regulatory changes weigh on earnings, The Edge Malaysia reported. The country’s largest family takaful operator and second-largest general takaful provider, Takaful Malaysia holds marke...
TASHKENT, Uzbekistan (MNTV) — Uzbekistan has proposed a long-term Strategic Partnership Program with the Islamic Development Bank (IsDB), signaling ambitions to expand development financing and double the scale of joint projects across the country. President Shavkat Mirziyoyev announced the initiative on September 17 during a meeting with IsDB...
KUALA LUMPUR, Malaysia (MNTV) – Malaysian Prime Minister Anwar Ibrahim has been conferred the Global Islamic Finance Leadership Award 2025, where he urged the industry to go beyond profit metrics and serve as a moral compass in turbulent times, reports Malay Mail. The award, regarded as one of the most prestigious honours in the field, [&helli...
JAKARTA, Indonesia (MNTV) – Indonesia’s Islamic banking assets grew 7.83% year-on-year to reach 967.33 trillion Indonesia Rupiah ($58.74 billion) as of June this year, reports RRI. During the same period, national and conventional banking grew 6.40 percent and 6.29 percent, respectively. “This growth occurred amid global uncertainty, whi...
MNTV Web Desk – Over 280 million Southeast Asians—around 40% of the region’s population—identify as Muslim, and their demand for products and services aligned with Islamic principles is reshaping entire industries. From halal food and modest fashion to alcohol-free cosmetics, this surge in demand is now transforming Southeast Asia’s fina...
Aims to support ventures of farmers, fishermen, agrarian reform beneficiaries across Bangsamoro region DAVAO CITY, Malaysia (MNTV) – An investment bank is testing the waters for Islamic financing through interest-free loans to farmers and fishermen in the Philippines’ Bangsamoro Muslim region, reports Business Mirror. The initiative was forma...
