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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 ...
PUTRAJAYA, Malaysia (Reuters) - A Malaysian man, who authorities say is linked to an Islamic conglomerate accused of running charity homes where children were allegedly abused, was charged with ...
The Islamic Interbank Money Market was established by Bank Negara Malaysia on 3 January 1994, and has developed instruments to manage the liquidity needs of the Islamic financial institutions – "funding and adjusting portfolios over the short term".
Al-Arqam, also known as Darul Arqam, is a Malaysian-based Islamic movement founded by Ashaari Muhammad.Named after Al-Arqam ibn Abi al-Arqam, a companion of the Prophet Muhammad, the movement was officially banned by the Malaysian federal government on 21 October 1994.
Harakah is a newspaper founded in 1987 and published by Malaysian Islamic Party (PAS). In addition to using the Malay language, the paper includes an 8-page English language pullout consisting of pages and columns written in English called the English Section. A page in Jawi writing was introduced in 2007.
The first Islamic bank in Malaysia was established in 1983. In 1993, commercial banks, merchant banks and finance companies were allowed to offer Islamic banking products and services under the Islamic Banking Scheme (IBS). These institutions however, are required to separate the funds and activities of Islamic banking transactions from that of ...
AmBank Group comprises AMMB Holdings Berhad (AMBANK 1015) is one of the largest banking groups in Malaysia whose core businesses are retail banking, wholesale banking, Islamic banking, and life and general insurance. [2]
Unlike Malaysian civil courts, which are federal in scope, Syariah Courts are primarily established by individual state law. Similarly, Islamic law is a matter limited to each state, with the exception of the Federal Territories of Malaysia, as provided in Article 3 of the constitution. Thus, the application of sharia law may differ among the ...