On the afternoon of October 27, CODA organized a project-match meeting with Tropicana Corporation Berhad of Malaysia, CHINA MACHINERY ENGINEERING CORPORATION（CMEC）, discussed project cooperation together in Malaysia, related with investment and financing, EPC project, photovoltaic system and industrial park investment and trade business.

Ensuring Shariah rules and principles are adhered to is one of the ultimate responsibilities of Islamic financial institutions (IFIs). IFIs carry out this responsibility through establishing Shariah review and audit functions within their institutions. The role of the Shariah compliance audit provides independent assessment and objective assurance designed to value-add and improve the level of confidence of the IFI’s compliance with Shariah.

The importance of transition activities has particular significance in markets such as Malaysia, where economic development has been spurred by industries that are naturally reliant on resources such as energy and oil, and the plantation sector.

The Malaysian Takaful Association (MTA) has launched the Value-based Intermediation for Takaful (VBIT) Roadmap 2022 on the 5th October 2022. The roadmap follows the launch of the VBIT Framework last year on the 23rd June 2021.

The convergence between ESG finance and Islamic finance represents an immense opportunity for the Shariah finance industry. Analysts have estimated the ESG investment sector to be worth some US$35 trillion – Islamic ESG finance, however, is only a minor fraction of this booming industry. How and why?

Financial engineering and product development from an Islamic perspective go well beyond the basic tenets of conventional finance. The principles upon which Islamic financial engineering and product development are built are deeply rooted in the teachings of Shariah, and in particular, the rulings of the principles of usoul al fiqh, or Islamic jurisprudence.

COVID-19 has thrust the world into recession, which as a result akin to a domino effect, has led to rapid and accelerated change. Most notably, industries have pivoted online as we hurtle headlong into an increasingly digitalized society. In response to extended lockdowns, society has become more reliant on technology than it has ever been.

As urban populations continue to expand and citizens’ expectations grow, the development of smart cities – enabled, powered and integrated by digital technologies – is set to be one of the crowning achievements of societies worldwide in the 21st century.

Issuance of green debt doubles in Southeast Asia USD7.8bn in 2019 from USD4.1bn in 2018

Malaysia will lockdown Wednesday, closing all borders. It will restrict the movement of citizens until the end of March, to combat a potential “second wave” of coronavirus cases in the country, It was announced by Prime Minister Muhyiddin Yassin on Monday.