IFN - Launch of i-Lindung platform to enhance long-term social protection in Malaysia 81,501 exclusive articles and counting... Sign In Register Subscribe MENUMENU NEWS All News Asset Management Banking & Finance Deals Moves Ratings Results Takaful INSIGHTS & ANALYSES Case Studies Columns Country Analyses Cover Stories Features IFN Correspondents IFN Reports Interviews Monthly Reviews Sector Analyses Special Reports Sovereign Securities RESEARCH & REPORTS Annual Guide Awards Reports Country Reports Halal Full Issues IFN Fintech Roundtables / Dialogues Sector Reports DATA Deal Tracker Islamic Equity Islamic Funds Sukuk MEDIA IFN TV Podcast LEARNING Back to Basics Fatwa Glossary Shariah Standards AWARDS EVENTS MALAYSIA: Cagamas issues Islamic medium-term notes worth RM560 million (US$122.46 million) MALAYSIA: Bank Negara Malaysia raises RM31.62 billion (US$6.91 billion) in total through Islamic papers MALAYSIA: Exsim Capital Resources sells Islamic commercial paper worth RM7 million (US$1.53 million) BRUNEI: Brunei Darussalam Central Bank prices Islamic papers worth BN$72 million (US$50.74 million) combined MALAYSIA: Amanat Labuhraya Rakyat proposes RM5.5 billion (US$1.2 billion) sustainability Sukuk Murabahah program EGYPT: Contact Financial Holding closes EGP2 billion (US$102.47 million) Sukuk issuance SOUTH AFRICA: Agrarius Sustainability Engineered registers ZAR10 billion (US$566.06 million) Islamic note program on Johannesburg Stock Exchange US: Carbon Market Exchange receives Shariah compliant certification for XCO2 non-fungible token UAE: UAE-based Sudanese Al Nilein Bank selects Network International as payment and technology partner MALAYSIA: Cagamas and Asian Development Bank to study challenges for scaling up Malaysian inclusive and green mortgages, The Edge reports OMAN: Bank Muscat sells 27.29% stake in SICO Capital to SICO SAUDI ARABIA: Al Sagr Cooperative Insurance Co signs contract with Maharah Human Resources Company QATAR: Qatar Central Bank to introduce issuance of treasury Sukuk in October 2022 GLOBAL: ComTech Gold receives Shariah compliance certificate from Amanie Advisors MALAYSIA: Bank Negara Malaysia prints Islamic papers worth RM28.42 billion (US$6.27 billion) in total MALAYSIA: Sunway Treasury Sukuk issues one-month RM140 million (US$30.9 million) Islamic commercial paper SAUDI ARABIA: Islamic Arab Insurance Co unlocks founder’s shares in Salama Cooperative Insurance Company; sells 1.18 million shares SAUDI ARABIA: Gulf Union Al Ahlia Cooperative Insurance Co appoints financial advisor for proposed merger with Al Sagr Cooperative Insurance Co MALAYSIA: HSBC Amanah Malaysia signs MoU with Halal Development Corporation to support Greater Islamic Economy initiative MALAYSIA: VS Capital Management issues RM500 million (US$110.37 million) dual tranche Sukuk Wakalah PAKISTAN: TPL Corp lists five-year PKR2.19 billion (US$9.12 million) privately placed Sukuk on Pakistan Stock Exchange SAUDI ARABIA: Company for Cooperative Insurance (Tawuniya) closes contract to provide insurance for Saudi Telecom Company Group UAE: Abu Dhabi Islamic Bank launches salary-advance product structured under Murabahah concept MALAYSIA: Bank Negara Malaysia prints Islamic papers worth RM29.2 billion (US$6.42 billion) UAE: Emirates Islamic and Tradeling collaborate to offer banking solutions to SMEs MALAYSIA: CIMB Islamic launches sustainable tranche under Islamic term investment account product INDONESIA: Bank Sinarmas on track to separate Shariah business unit into standalone Islamic bank by October 2022, Bisnis reports SAUDI ARABIA: Al Sagr Cooperative Insurance Co and Gulf Union Al Ahlia Cooperative Insurance Co sign MoU to evaluate potential merger IRAN: Central Bank of Iran sells Islamic government bonds worth IRR74.6 trillion (US$1.75 billion) in July-August 2022 KUWAIT: Central Bank of Kuwait issues KWD300 million (US$968.83 million)-worth of bonds and related Tawarruq facilities KUWAIT: Kuwait Finance House and Ahli United Bank sign agreement for transitional period preceding contemplated acquisition MALAYSIA: Waafi Bank launches digital-only operations; taps Oracle’s cloud infrastructure to implement core banking system EGYPT: Sarwa Capital receives greenlight from Egyptian regulator to issue Sukuk Mudarabah worth EGP2 billion (US$102.76 million) MALAYSIA: Malaysian government to issue up to RM10 billion (US$2.2 billion) in sustainability Sukuk starting the fourth quarter of 2022 INDONESIA: Indonesian government raises IDR6.27 trillion (US$417.64 million) in Sukuk auction SAUDI ARABIA: Saudi Enaya Cooperative Insurance Company receives regulatory approval for SAR50 million (US$13.31 million) capital reduction SAUDI ARABIA: Al Rajhi Bank concludes three-year dual tranche sustainability commodity Murabahah facility worth over US$1 billion UZBEKISTAN: Islamic Corporation for the Development of the Private Sector signs US$15 million Murabahah facility agreement with Uzbek Leasing International GLOBAL: IsDB and International Fund for Agricultural Development discuss scaling up partnership to tackle global food issues INDONESIA: Global Mediacom lists Sukuk on Indonesia Stock Exchange BAHRAIN: Kuwait Finance House announces squeeze-out as part of Ahli United Bank acquisition UAE: Rand Abu-Ghoush joins Abu Dhabi Islamic Bank as associate director for syndications and structured finance UAE: Aafaq Islamic Finance names Hessa Al Ghurair as chief human capital officer MALAYSIA: Bank Negara Malaysia prints over RM29 billion (US$6.38 billion)-worth of short-term Islamic facilities including Islamic treasury bill EGYPT: Al Baraka Bank Egypt denies reports of offer to acquire First Investment and Real Estate Development PAKISTAN: Salaam Takaful signs MoU with Institute of Business Administration to provide interest-free loans, scholarships and job opportunities to students UK: Acadian Asset Management UK partners with Shariyah Review Bureau to provide Shariah oversight for two Islamic global equity portfolios SAUDI ARABIA: Watani Iron Steel Company renews SAR60 million (US$15.98 million) short-term Islamic credit facility from Bank Albilad MALAYSIA: Matrix Concepts Holdings issues six-month RM60 million (US$13.19 million) Islamic commercial paper BRUNEI: Brunei Darussalam Central Bank prices BN$22 million (US$15.62 million) Islamic treasury bill Advanced Search Build Your Own Report Launch of i-Lindung platform to enhance long-term social protection in Malaysia IFN Correspondent Reports Marcel Omar Papp 08/08/2022 0 On the 20th July 2022, Malaysian Finance Minister Tengku Zafrul Aziz launched the i-Lindung platform under the Employees Provident Fund (EPF). The platform will facilitate EPF members to purchase insurance and Takaful products, including family and critical illness coverage, at an affordable contribution from their EPF account. As the minister highlighted during the launch ceremony, the awareness of the importance of social protection is still low among Malaysians. He stressed that launching the i-Lindung platform is “an important starting point.... Restricted access Login to continue reading (existing subscriber) Username or Email Address Password Remember Me Lost your password? Gain access NOW! Why not join more than 23000 other industry leaders and subscribe today and gain instant access to over 70000 exclusive articles, reports, interviews, case studies, podcasts, videos and much much more. 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