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As public confidence in the Islamic finance and banking sector remains low, consumers are looking for greater transparency and risk avoidance from their bank. Can Islamic banking provide an alternative…

PECB is proud to announce that we have been awarded the Best Cybersecurity Education Provider Award for the fifth consecutive year.

In Arabic, Takaful means ‘solidarity and cooperation among group of people’. Takaful insurance is a form of co-operative insurance in compliance with Islamic Shariah, which is based on the concept…

While Islamic banks respond to the needs of Muslim customers, they are not acting as religious institutions. Like other banks they are profit-maximizing entities. They act as intermediaries between savers…

Halal means all things or behaviours sanctioned (permitted as lawful) by Islamic law and ritually fit to be done or use. The word Halal means permissible or lawful, and it…

Crypto versus Central Banks Central Banks around the world have fear that crypto currency will render their domestics currencies obsolete. Their concern is if more and more citizens invest, hold…

Islamic commercial law of contracts are those that most impact Islamic banking today. However the area of law relating to contracts and their application is a dynamic area of modern-day…

Understanding Blockchain in Islamic Finance & Banking The blockchain technology is rapidly gaining the attention of Organizations of Islamic Cooperation. There are various Islamic financial institutes which are planning to…

What is Tawarruq and Enah? “Tawarruq is a financial instrument in which a buyer purchases a commodity from a seller on a deferred payment basis, and the buyer sells the…

The Banking Act is being reviewed to incorporate the concept and governance of Islamic Banking and Finance in the country. This is to pave the way for the establishment of…