venture under the Murabaha financing scheme, the High Court was told. Former 1MDB company secretary

KUALA LUMPUR: The instruction by Datuk Seri Najib Razak to an audit firm to complete and sign off on its audit of 1Malaysia Development Bhd’s( 1MDB) 2013 financial statement within two weeks was described in court as a form of intimidation. KPMG Malaysia managing partner Datuk Johan Idris said this when re-examined by lead prosecutor Datuk Seri Gopal Sri Ram at the former premier’s trial yesterday over the alleged misappropriation of RM2. 3bil of 1MDB funds. The 14th prosecution witness was quer

KUALA LUMPUR: Cagamas Bhd has reaffirmed its leadership position in its contribution towards the development and promotion of Islamic Finance when it clinched several awards recently at The Asset Triple A Islamic Finance Awards 2021 virtual ceremony. The National Mortgage Corporation of Malaysia said on Monday it was honoured with the prestigious Islamic Issuer of the Year-Quasi-Sovereign( Issuer/ Adviser) award.It was also adjudged the Best Asean Sustainability SRI Sukuk-Quasi-Sovereign( Best i

The Islamic finance industry continued its impressive growth journey in Pakistan in 2021.... The federal government of Pakistan is looking to issue Sukuks under an asset-light structure as part of its target to increase the shares of Shariah-compliant instruments in government securities to 10pc by the end of 2022-23.... Takaful InsurTech 100 is a prestigious list that recognises the year’s most innovative and technology-driven companies that are addressing the digital transformation challenge