Malaysia International Islamic Financial Centre

World's First Institutional Tokenised Sukuk Backed by a Sovereign-Linked Instrument Listed

Retrieved on: 
Monday, October 30, 2023
Ethereum, Accounting, Malaysia International Islamic Financial Centre, Accounting and Auditing Organization for Islamic Financial Institutions, Ministry of Finance (Malaysia), Exercise, American depositary receipt, Sukuk, Ministry, Environment, Islamic banking and finance, ADR, FDR Drive, FDR, Security (finance), Cryptocurrency, Islam, Sharia, Fusang

LABUAN, Malaysia, Oct. 30, 2023 /PRNewswire/ -- Fusang Exchange today announced the successful tokenisation and listing of a digital sukuk representing the corresponding underlying sukuk issued by the International Islamic Liquidity Management Corporation (IILM)*. IILM is an international organisation established to address liquidity management challenges faced by Islamic financial institutions globally and acts as the programme administrator of the underlying sukuk.

Key Points: 
  • Fusang, a digital stock exchange operator has listed the world's first institutional tokenised sukuk backed by a sovereign-linked instrument, opening up access to a short-term A-1 rated sukuk for global institutions and their clients.
  • The tokenisation and listing exercise was completely led by Fusang, utilising its proprietary Fusang Depository Receipt ("FDR") structure to "wrap" the underlying sukuk into a digital form.
  • FDRs are fully redeemable for the underlying IILM sukuk and are secured by third-party independent custodians.
  • We envisage the new Guidelines on Labuan Securities Token Offering would further spur the development of tokenised securities in Labuan.

Former SEC Commissioner Dan Gallagher Joins Vint Advisory Board

Retrieved on: 
Wednesday, September 13, 2023
Corporate Affairs, The Samuel and Ronnie Heyman Center on Corporate Governance, University, Capital market, Lehman Brothers, National Association of Corporate Directors, Robinhood Markets, Corporate governance, Bennett S. LeBow College of Business, Private practice, Drexel University, Economics, Columbia Law School, SRO, Investment, Division, Raj, Institute for Law and Finance, Malaysia International Islamic Financial Centre, Law, Growth, National Association, Wine, Consultant, Management, Financial adviser, Vint

RICHMOND, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vint, the premier platform offering financial products for the wine and spirits industry, proudly welcomes Dan Gallagher to its advisory board.

Key Points: 
  • RICHMOND, Va., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Vint, the premier platform offering financial products for the wine and spirits industry, proudly welcomes Dan Gallagher to its advisory board.
  • From 2011 to 2015, Gallagher served as an SEC commissioner, advocating for a comprehensive equity market structure review and corporate governance reform.
  • Gallagher expressed his enthusiasm for joining the Vint advisory board, stating, "Vint's unique approach to financializing wine and spirits investments aligns with the evolving landscape of alternative assets.
  • Dan Gallagher's appointment to Vint's advisory board marks a significant milestone in the company's growth.

Capacitor Bank Market to Reach $6.0 Billion, Globally, by 2031 at 4.3% CAGR: Allied Market Research

Retrieved on: 
Tuesday, January 17, 2023
Aluminium, Titanium, Common external power supply, Copper, PDF, Maintenance, Static VAR compensator, Growth, Power, Substation, Malaysia International Islamic Financial Centre, Table, Metal, Electronic component, Renewable energy, Voltage

PORTLAND, Ore., Jan. 17, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Capacitor Bank Market by Voltage (Low [69Kv]), Type (Externally Fused, Internally Fused, And Fuseless), Installation (Pole Mounted, Open Air Substation, Metal Enclosed Substation, and Other), Connection Type (Star Connection and Delta Connection), Application (Power Factor Correction, Industrial, Harmonic Filter, And Others), And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According to the report, the global capacitor bank industry generated $3.9 billion in 2021, and is estimated to reach $6.0 billion by 2031, witnessing a CAGR of 4.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • Surge in demand for capacitor banks, for power factor correction, from the industrial sector drives the growth of the global capacitor bank market.
  • Surge in demand for capacitor banks, for power factor correction, from the industrial sector drives the growth of the global capacitor bank market.
  • By type, the internally fused segment held the major share in 2021, garnering around half of the global capacitor bank market revenue.
  • By connection type, the delta segment accounted for nearly two-thirds of the global capacitor bank market share in 2021, and is expected to rule the roost by 2031.

Capacitor Bank Market to Reach $6.0 Billion, Globally, by 2031 at 4.3% CAGR: Allied Market Research

Retrieved on: 
Tuesday, January 17, 2023
Aluminium, Titanium, Common external power supply, Copper, PDF, Maintenance, Static VAR compensator, Growth, Power, Substation, Malaysia International Islamic Financial Centre, Table, Metal, Electronic component, Renewable energy, Voltage

PORTLAND, Ore., Jan. 17, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Capacitor Bank Market by Voltage (Low [69Kv]), Type (Externally Fused, Internally Fused, And Fuseless), Installation (Pole Mounted, Open Air Substation, Metal Enclosed Substation, and Other), Connection Type (Star Connection and Delta Connection), Application (Power Factor Correction, Industrial, Harmonic Filter, And Others), And Region (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031" According to the report, the global capacitor bank industry generated $3.9 billion in 2021, and is estimated to reach $6.0 billion by 2031, witnessing a CAGR of 4.3% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Key Points: 
  • Surge in demand for capacitor banks, for power factor correction, from the industrial sector drives the growth of the global capacitor bank market.
  • Surge in demand for capacitor banks, for power factor correction, from the industrial sector drives the growth of the global capacitor bank market.
  • By type, the internally fused segment held the major share in 2021, garnering around half of the global capacitor bank market revenue.
  • By connection type, the delta segment accounted for nearly two-thirds of the global capacitor bank market share in 2021, and is expected to rule the roost by 2031.

Northern Trust Expands its Philanthropy in Malaysia

Retrieved on: 
Wednesday, August 24, 2022
Finance, Other Education, Professional Services, University, Philanthropy, Education, Fund Raising, Training, STEM, Fellows, Ministry, Food, CEO, Program, List, View, Malaysia International Islamic Financial Centre, PDG, Student, Head Office, School, Movement, Nasdaq, Housing, Fellow, Twitter, Teach For All, Geography, Industry, Government, Hospital, Tutoring, Public relations, Asia-Pacific, Northern Trust, Education

Northern Trust will donate funds to Teach For Malaysia , a not-for-profit organization that works towards ensuring educational excellence in schools especially in rural and underprivileged communities.

Key Points: 
  • Northern Trust will donate funds to Teach For Malaysia , a not-for-profit organization that works towards ensuring educational excellence in schools especially in rural and underprivileged communities.
  • Our philanthropic focus at Northern Trust covers four key pillars: education, food, healthcare and housing, said Shana Hayes, global head of corporate philanthropy at Northern Trust.
  • In the last decade alone, Northern Trust has contributed more than $160 million to support non-profit and non-governmental organizations around the world.
  • We are delighted to receive this support from Northern Trust, said Chan Soon Seng, CEO at Teach For Malaysia.

Qaiser Imtiaz joins LawFi as Chief Architect

Retrieved on: 
Wednesday, August 17, 2022
Access, Computer science, International Islamic University, Islamabad, Platform as a service, Â, CEO, GLOBE, Infrastructure as a service, Federal Systems Integration and Management Center, DevOps, Marketing, Engineering, Private law, Architecture, Maintenance, LinkedIn, API, Malaysia International Islamic Financial Centre, Justice, Cryptocurrency

JACKSONVILLE, Fla., Aug. 17, 2022 (GLOBE NEWSWIRE) -- LawFi, Inc., ( LawFi ) the startup Legal Fintech company developing the first-of-its-kind Legal Fee Financing platform empowering more inclusive access to legal services and credit, is pleased to announce that Mr. Qaiser Imtiaz, an expert Chief Solutions Architect with extensive experience in large-scale solution architecture and design, development, support and maintenance of enterprise application projects, APIs, and Integrations, has joined our impressive team as Chief Architect.

Key Points: 
  • JACKSONVILLE, Fla., Aug. 17, 2022 (GLOBE NEWSWIRE) -- LawFi, Inc., ( LawFi ) the startup Legal Fintech company developing the first-of-its-kind Legal Fee Financing platform empowering more inclusive access to legal services and credit, is pleased to announce that Mr. Qaiser Imtiaz, an expert Chief Solutions Architect with extensive experience in large-scale solution architecture and design, development, support and maintenance of enterprise application projects, APIs, and Integrations, has joined our impressive team as Chief Architect.
  • Mr. Imtiaz commented, Five months ago, Steven Highfill, CEO of LawFi, approached me through LinkedIn regarding a potential opportunity with his legal fintech lending startup.
  • Steven Highfill, Founder & CEO of LawFi, commented, "Qaiser brings us the right kind of experience and expertise needed to build our first-of-kind Legal Fee Financing platform.
  • Qaiser will lead our platform architecture and Dev-ops team to successfully build the legal industrys first legal fee financing platform.

Moody’s Acquires Stake in MARC, Strengthening Presence in Key ASEAN Market

Retrieved on: 
Wednesday, August 12, 2020
Software, Finance, Banking, Data management, Professional services, Technology, Education, Training, Finance, Economy, Money, Islamic banking, Sukuk, Kuala Lumpur, Islamic banking and finance, ASEAN, Malaysia, Moody's Corporation, Malaysia International Islamic Financial Centre, BIX Malaysia

The investment strengthens Moodys presence in Southeast Asia and across domestic bond markets globally, and advances its position as a leader in Islamic finance.

Key Points: 
  • The investment strengthens Moodys presence in Southeast Asia and across domestic bond markets globally, and advances its position as a leader in Islamic finance.
  • Based in Kuala Lumpur, MARC covers corporates and financial institutions, with key strengths in infrastructure and project finance.
  • The investment strengthens Moodys presence in Malaysia, a key market within the Association of Southeast Asian Nations (ASEAN).
  • Malaysia has the regions largest domestic corporate bond market and has established itself as a global hub for Islamic finance, with the worlds largest sukuk market.

Country Garden Raises MYR495 Million Sukuk to Confirm Positive Outlooks

Retrieved on: 
Wednesday, May 20, 2020
Islamic banking, Sukuk, Countries, International organizations, Economy, Emas bond, Malaysia International Islamic Financial Centre

JOHOR BAHRU, Malaysia, May 20, 2020 (GLOBE NEWSWIRE) -- In March 2020, Country Garden Real Estate (CGRE) successfully issued three tranches of Islamic Sukuk for a total of MYR495 million, with the longest tenure among them being seven years.

Key Points: 
  • JOHOR BAHRU, Malaysia, May 20, 2020 (GLOBE NEWSWIRE) -- In March 2020, Country Garden Real Estate (CGRE) successfully issued three tranches of Islamic Sukuk for a total of MYR495 million, with the longest tenure among them being seven years.
  • Sukuks are Islamic financial certificates (similar to a bond), that complies with Islamic religious law commonly known as Syariah.
  • Sukuks had become extremely popular since 2000 when the first Sukuk was issued by Malaysia.
  • CGREs IMTN Programme was set up in 2015, which was first ever Ringgit Sukuk issued by a China-related corporate entity.

Global Islamic Finance Market Growth, Trends, and Forecast (2018 - 2024)

Retrieved on: 
Tuesday, July 2, 2019
Economy, Money, Finance, Islamic banking, Credit, Sukuk, Islamic economic jurisprudence, Islamic banking and finance, Takaful, Malaysia International Islamic Financial Centre, Challenges in Islamic finance

This included debut entries into the sovereign SUKUK market by Saudi Arabia and Nigeria, as well as the pan-African multilateral development finance institution, Africa Finance Corporation.

Key Points: 
  • This included debut entries into the sovereign SUKUK market by Saudi Arabia and Nigeria, as well as the pan-African multilateral development finance institution, Africa Finance Corporation.
  • The global Islamic banking market covers different aspects, like Islamic Banking, Takaful: Islamic Insurance, Sukuk: Islamic Bonds, and Shariah Capital Market: Islamic funds.
  • Islamic banking is the largest sector in the Islamic finance industry, contributing to 71%, or USD 1.72 trillion, of the industry's assets.
  • The global Islamic finance market is fragmented with a large number of players trying to grab a significant chunk of the developing market.

Global Islamic Finance Markets 2018-2019 & 2024

Retrieved on: 
Thursday, March 21, 2019
Economy, Money, Finance, Islamic banking, Credit, Islamic economic jurisprudence, Islamic banking and finance, Sukuk, Takaful, Malaysia International Islamic Financial Centre, Challenges in Islamic finance

DUBLIN, March 21, 2019 /PRNewswire/ -- The "Global Islamic Finance Market Growth, Trends, and Forecast (2018 - 2024)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 21, 2019 /PRNewswire/ -- The "Global Islamic Finance Market Growth, Trends, and Forecast (2018 - 2024)" report has been added to ResearchAndMarkets.com's offering.
  • The global Islamic banking market covers different aspects, like Islamic Banking, Takaful: Islamic Insurance, Sukuk: Islamic Bonds, and Shariah Capital Market: Islamic funds.
  • Islamic banking is the largest sector in the Islamic finance industry, contributing to 71%, or USD 1.72 trillion, of the industry's assets.
  • The global Islamic finance market is fragmented with a large number of players trying to grab a significant chunk of the developing market.