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Malaysia Deposit Insurance Corporation (MDIC) (Malay: Perbadanan Insurans Deposit Malaysia (PIDM)) is a statutory body formed under the Malaysia Deposit Insurance Corporation Act (Akta Perbadanan Insurans Deposit Malaysia). All commercial and Islamic banks, including foreign banks operating in Malaysia, are compulsory member institutions of PIDM.
Malaysia is the global leader in terms of the sukuk (Islamic bond) market, issuing RM62 billion (US$17.74 billion) worth of sukuk in 2014 - over 66.7% of the global total of US$26.6 billion Malaysia also accounts for around two-thirds of the global outstanding sukuk market, controlling $178 billion of $290 billion, the global total.
The Malaysian Islamic Party, also known as the Pan-Malaysian Islamic Party (Malay: Parti Islam Se-Malaysia; Jawi: ڤرتي إسلام سمليسيا) or its Jawi-based acronym PAS, is an Islamist political party in Malaysia.
The suspended elections in East Malaysia were held in 1970, and restored the Alliance government's two-thirds majority in parliament. On 31 August that year, the Tunku announced the national ideology of Rukunegara and his planned retirement as Prime Minister in favour of Tun Razak. He also stated Parliament would be restored the following year.
Muhyiddin was born as Mahiaddin bin Md. Yasin in Muar, Johor, Malaysia. His father, Haji Muhammad Yassin bin Muhammad, was a Malay of Bugis descent. Muhammad Yassin was an Islamic theologian and cleric based in Bandar Maharani, Muar, Johor, while his mother, Hajjah Khadijah binti Kassim, was a Malay of Javanese descent.
A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
Etymology The name Penang comes from the modern Malay name Pulau Pinang which means' areca nut island'. Penang is also colloquially referred to as the "Pearl of the Orient" and "The Island of Pearls". Over the course of history, Penang Island had been known by different names by seafarers from various regions. The locals named it Pulo Ka Satu, meaning The First Island, as it was the largest ...
To steer Malaysia towards becoming an innovation-based and knowledge-based economy, the Ministry of Higher Education (MOHE) recognised six research institutions as Higher Institutions Centre of Excellence (HICoE) in 2009, including UiTM's Accounting Research Institute (ARI) for its research niche area in Islamic Finance Criminology.
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