All posts tagged "shariah"
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140Asia-PacificBSP Encourages Greater Development of Islamic Banking
The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.
April 1, 2021 -
163MalaysiaBNM Shariah Advisory Council Rules RFRs Permissible
The ruling was made based on the justification that the compounding methodology is "merely an arithmetic method" and does not affect compliance with Shariah requirements.
March 30, 2021 -
260Malaysia
BNM Revises Guidance on Operational Risk Reporting
The revisions enhance the granularity of reporting requirements and align definitions with the FSB’s cyber lexicon.
March 4, 2021 -
581Fintech / RegtechBNM Opens Six Month Application Period for Digital Bank Licences
Applicant must demonstrate a commitment to driving financial inclusion. Preference will be accorded to applications where the controlling interest resides with Malaysian nationals.
January 4, 2021 -
570Asia-PacificPhilippines Approves Introductory Rules for Islamic Banking
The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.
January 6, 2020 -
International
IFSB Issues Working Paper on Financial Consumer Protection in Islamic Finance
Paper provides examples where regulators can deal with issue of consumer protection without need to take stance on Shari'ah matters.
October 26, 2015 -
Securities & Trading
Indonesia’s Regulator to Revise Capital Rules for Sharia Lenders
The Financial Services Authority (OJK) is planning to issue a revised regulation on sharia banks’ minimum capital requirement to assist lenders in the face of a wider scope of risks.
June 24, 2014
