TASHKENT, Uzbekistan (MNTV) — Uzbekistan’s Central Bank has approved licensing procedures for banks conducting Islamic banking activities and established a new Islamic Finance Council to oversee the development, regulation and supervision of the sector. The Central Bank’s Board adopted amendments to the Regulation on the Procedure ...
SINGAPORE (MNTV) – Malaysia and Indonesia are reinforcing Southeast Asia’s position as a major hub for Islamic finance as global assets in the sector approach $6 trillion and industry leaders forecast continued rapid growth over the next five years, reports The Edge Singapore. According to data from the London Stock Exchange Group (LSEG), glob...
JAKARTA, Indonesia (MNTV) — Indonesia’s Islamic finance industry is likely to grow further in the second half of 2026-27 due to its strategic importance to the government and resilient operating environment, Fitch Ratings says. The industry was estimated at more than $200 billion at end-May. Fitch expects Indonesia to remain among the world’s ...
KUALA LUMPUR, Malaysia (MNTV) — Digital maturity in Malaysia’s Islamic banking sector sits somewhere between four and seven, but industry leaders agree the next leap will be far harder to achieve, reports FINTECH News Malaysia. Digital maturity is how advanced a bank is at using digital tech, data, and new ways of working to serve […]...
JAKARTA, Indonesia (MNTV) — The Financial Services Authority (OJK) of Indonesia has said that the performance of the national sharia financial sector continues to show a positive trend despite the uncertainty of the global economy, reports VOI. Until Dec. 31, 2025, the total assets of the Islamic financial industry were recorded at 3,100 tril...
KUALA LUMPUR, Malaysia (MNTV) – A Malaysian technology company and a university have entered into a strategic collaboration to develop and deploy next-generation Islamic finance AI agents, combining academic expertise with a proprietary shariah-aligned language model. The initiative brings together INCEIF University’s institutional knowl...
KUALA LUMPUR, Malaysia (MNTV) — The Securities Commission Malaysia (SC) has appointed Dr Abdulkader Thomas as the first Sultan Nazrin Shah Fellow, a pioneering initiative aimed at advancing thought leadership, innovation, and sustainability in Islamic finance, reports The Vibes. The appointment comes with the endorsement of His Royal Highness ...
MANILA, Philippines (MNTV) — The Philippines’ central bank (BSP) has streamlined the prudential regulatory guidelines for Islamic banking, reports Fintech News. The amendments aim to encourage broader participation from conventional banks across all categories, allowing them to establish Islamic Banking Units (IBUs) more easily. Under the re...
PETALING JAYA, Malaysia (MNTV) — Malaysia’s Islamic banking sector is poised for continued expansion, supported by sustained financing demand, strong capitalization and the country’s entrenched position as a global Islamic finance hub, according to Fitch Ratings. In its latest Malaysian Islamic Banks Monitor: 2026, Fitch noted that Islamic ban...
KUALA LUMPUR, Malaysia (MNTV) – The global Takaful (Islamic insurance) market is projected to reach $42–45 billion by 2028, driven by rising demand for ethical and Shariah-compliant financial solutions, according to Global Growth Insights. Takaful is a Shariah-compliant risk-sharing model in which participants contribute to a common fund used ...
