Islamic Banking
Maybank Islamic eyes steady contribution from asset financing to parent
27% of Maybank Group's total loan and advances come from its Islamic unit.
Maybank Islamic eyes steady contribution from asset financing to parent
27% of Maybank Group's total loan and advances come from its Islamic unit.
Takaful: Insurance revolution in Islamic finance
Islamic Finance Industry: Alpha & Omega The enactment of the Islamic Banking Act in 1983 spawned a new paradigm of banking in Malaysia. The...
Bank Islam remains open to M&As
The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.
OSK-UOB starts offering global food Islamic equity fund
The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.
Sri Lanka opens first Sharia-compliant commercial bank
Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.
CIMB Niaga to offer Commidity Murabahah deposit
CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.
Islamic Finance: remarkable growth presents a real challenge
Remarkable growth Between 2006 and 2010, Islamic Finance has seen a 19 per cent CAGR (compound annual growth rate) - bringing it to an estimated...
What role do Islamic Financial Institutes have in the Finance world of tomorrow?
The Issue of Choice In February 2011, KPMG last wrote about the issues regarding the infrastructure and regulation of Islamic banking in Malaysia...
StanChart Indonesia seeks to take over Bank Muamalat
The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.
Malaysian central bank grants Islamic banking licence to Bahrain bank
The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial...
Malaysia targets $2bn global sukuk offering
HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe.
Bank Islam Malaysia advises rivals to start merging
Industry’s stiff competition forces small lenders to team up with larger ones to form stronger entities.
DBS names Toby O'Connor head shiaria unit
The banker formerly headed JP Morgan’s Middle East and North Africa Sovereign Wealth Funds and Financial Sponsor group for investment banking.
Maybank starts issuing initial $330.52mn Islamic sukuk
Malaysian Rating rated the sukuk AA+IS and carried a tenure of 10 years from the issue date on a 10 non-callable five basis.
RHB Bank unveils 2 transaction banking services
With the new products, trade products can now be issued and settled in renminbi and value-added services can now be added to the existing export...
Assets of Malaysia’s Islamic banks up 16% to $116bn
The Southeast Asian nation expects more Islamic bank investors as it issues new permits this year for Islamic banks with a minimum capital of $1bn.
BNI Syariah to inaugurate 10 new branches
The lender also plans to open 28 sub- branches, including in Bali and Kalimantan, as it plans to boodt its assets by 50%.
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