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In 2009, it established Eastspring Al-Wara' Investments Berhad in Malaysia to enter the Islamic Finance business. In 2011, the investment management arm was rebranded to have its own separate brand name, Eastspring Investments. There were various reasons for the business to operate under its own brand name.
Islamic equity funds were launched in the early 1990s, and began growing fairly rapidly in about 2004. As of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management. Malaysia and Saudi Arabia dominate the sector with about 69% of total assets under management.
The 1Malaysia Development Berhad scandal is an ongoing political scandal in Malaysia, in which then-Prime Minister Najib Razak was accused of channeling over RM 2.67 billion (approximately US$700 million) into his personal bank accounts from 1Malaysia Development Berhad (1MDB), a government-run strategic development company.
Sistem Televisyen Malaysia Berhad, operating as TV3 (pronounced as Tivi Tiga), is a Malaysian free-to-air television channel owned by Malaysian media conglomerate, Media Prima. [2] [3] [4] TV3 is the third oldest TV station in Malaysia.
ABIM was established by Ustaz Wahab Sulaiman on 6 August 1971 [2] during an international trend of Islamic revivalism. Founded by Muslim students, PKPIM (National Union of Malaysian Muslim Students) in particular, the organisation promoted Islam through its charity work and education programs aimed at the poor.
The Malaysia International Islamic Financial Centre ( MIFC) is an initiative of Malaysia’s financial market regulators and relevant government agencies dedicated to developing Malaysia’s Islamic finance market by engaging with industry and government. [1] The initiative was launched in 2006 [2] and is based in Kuala Lumpur, Malaysia.
RHB Bank Berhad ( MYX: 1066) is a Malaysian bank based in Kuala Lumpur and founded in 1997. It is one of the largest banks in Malaysia. RHB Bank has over 180 branches in Malaysia and provides a range of banking products and services for individuals, small businesses and corporates. RHB Bank is one of the few banks in Malaysia that offers ...
KUALA LUMPUR (Reuters) -Malaysia's top court on Friday declared unconstitutional more than a dozen Islamic laws enacted by the state of Kelantan, in a landmark decision that could affect similar ...