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The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. [citation needed] DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.
Malaysia is the global leader in terms of the sukuk (Islamic bond) market, issuing RM62 billion (US$17.74 billion) [4] worth of sukuk in 2014 - over 66.7% [5] of the global total of US$26.6 billion [2] [6] Malaysia also accounts for around two-thirds of the global outstanding sukuk market, controlling $178 billion of $290 billion, the global total.
Sharia-compliant banking grew at an annual rate of 17.6% between 2009 and 2013, faster than conventional banking, [11] and is estimated to be $2 trillion in size, [11] but at 1% of total world, [11] [12] [205] still much smaller than the conventional sector. As of 2010, Islamic financial institutions operate in 105 countries.
In Malaysia, for example, [Note 6] the share of musharaka financing declined from 1.4 percent in 2000 to 0.2 percent in 2006 [74] [52] Diminishing Musharaka [ edit ]
U.S. News & World Report just rated the Mediterranean diet as the No. 1 diet for the eighth year in a row. Not only did it win best overall diet, it also won the top spot for managing diabetes ...
The world's largest memory chip, smartphone and TV maker expects to log an operating profit of 6.5 trillion won ($4.5 billion) for the three months ended Dec. Samsung's preliminary Q4 profit falls ...
Malaysia's history with skyscrapers originated from construction booms in Kuala Lumpur between the 1970s and 1980s, where architectural height records were constantly broken and surpassed. In 1971, the 28-storey Sime Bank Building (currently Takaful Building) was the first building to exceed 100 metres (328 ft). [ 5 ]
The good news is that 1/2 cup of cooked white beans contains an impressive 500 mg of potassium, which is 11% of the Daily Value, according to the USDA. Related: 8 Foods With More Potassium Than a ...