Archive
microLEAP Partners with Masryef Management House to Launch Shariah-Compliant P2P Financing
Microleap PLT, a P2P (Peer-to-Peer) financing operator which manages microLEAP, has partnered with boutique Shariah advisor, Masryef Management House, to launch its Shariah-compliant investment notes. Based on principles of Commodity Murabahah, Masryef Management House ensures that the Islamic funds raised
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Japan’s JCB Taps on Soft Space’s Expertise to Power its Tap on Mobile Contactless Payment
JCB, Japan’s international payment brand, is leveraging Malaysia’s Soft Space’s technological expertise to develop the Tap on Mobile programme that capitalises on the wide availability of Android smartphones equipped with NFC (near-field communication). The programme enables merchants to accept card
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Sunway Group Eyeing Digital Banking License via Acquisition of Credit Bureau Malaysia
Sunway Berhad, via its 100% owned subsidiary, Sunway Holdings, is acquiring a 51% stake in Credit Bureau Malaysia. Upon completion of the acquisition, Credit Guarantee Corporation Malaysia Berhad (CGC) and Sunway Holdings will be the two shareholders of Credit Bureau
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Alibaba Cloud Launches USD 30 Million Global SME Enablement Program
Alibaba Cloud, the data intelligence backbone of Alibaba Group, today launched a Global SME Enablement Program to provide cloud technology relief worth more than USD 30 million to new and existing small and medium-enterprise (SME) customers around the world and
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Singapore’s FOMO Pay Expands into Malaysia Through OCBC Partnership
FOMO Pay, Singapore-based digital payment and digital banking solution provider, partnered with OCBC Malaysia to develop OCBC OneCollect as its first merchant cross-border QR code collection service. This service allows any account holder of Singapore’s PayNow participating banks to make
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AXA AFFIN Life Organizes COVID-19 Crowdfunding Campaign to Help Frontliners
Following the outbreak of COVID-19 pandemic, the Personal Protective Equipment (PPE) used by frontline personnel was reported to upsurge by two to ten times, resulting in a major shortage of PPE supply. In response to the distress over the PPE
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Gig Economy Challenge: How Can We Solve Pressing Issues Faced By Gig Workers?
The importance of the gig economy has always seen a steady growth trajectory, but nothing has made its importance clearer to everyone than the COVID-19 pandemic — from delivering essential services to providing side income for those affected. Which is
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Securities Commission Raises Equity Crowdfunding Fundraising Limits to RM 10 Million
Securities Commission Malaysia announced today the liberalisation of equity crowdfunding (ECF) limit to RM 10 million from the previous limit of RM 5 Million. This was announced during their Annual Report media conference which was held virtually. This is in
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Johor State Government Eyeing to Launch its Own Digital Bank
In a media statement issued on Wednesday, Johor’s Chief Minister Datuk Haji Hasni Mohamad announced the state government’s intention to launch its own digital bank. This announcement is made against the backdrop of Bank Negara’s upcoming digital banking framework which
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Bank Islam’s Subsidiary Launches “Robo-Intelligent” Investment App
BIMB Investment Management Berhad (“BIMB Investment”), a wholly-owned subsidiary of Bank Islam Malaysia Berhad, today announced the launch of BEST Invest online investment mobile application (BEST Invest app), what they described as its “first Robo-Intelligence Sustainable Shariah-ESG investing online platform.”
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