Islamic Banking
Malaysia's Bank Islam to expand in Indonesia
Bank Islam Malaysia has offered to acquire between 30 and 40 percent stake in an Indonesian Islamic bank.
Malaysia's Bank Islam to expand in Indonesia
Bank Islam Malaysia has offered to acquire between 30 and 40 percent stake in an Indonesian Islamic bank.
Markets determine Islamic mega bank licence applications: Bank Negara
Bank Negara Malaysia said applications for Islamic mega bank licences willbe determined on business viability.
Is Islamic finance moving towards Skype banking?
Branches can still remain the main delivery channel for Islamic banking, but CIMB warns that regulators must also know how to regulate things such as...
“There will not be any uniformity of application of Shariah”: CIMB
But the former CEO of Kuwait International Bank argues that standardization of global Islamic banking suite of products and services will lead to...
Malaysia luring gulf banks with Islamic facility
Malaysia's centra lbank is luring commercial banks from the Gulf to trade more in the country’s syariah-compliant money market with an Islamic...
Islamic banks urged to diversify to overcome scale disadvantage
They will have to venture in asset management and wealth management to sustain the growth of Islamic finance.
Islamic finance needs the same regulation as conventional finance: CIMB
But flexibility to be different between one jurisdiction to another should also be allowed in Islamic finance just as it is allowed in conventional...
Commercial Bank of Ceylon opens Islamic banking unit
Commercial Bank of Ceylon's Islamic banking unit has opened a dedicated service point for 'Sharia Compliant Banking' at its Akkaraipattu branch.
Indonesia set to see record Sukuk issuance in 2012: HSBC
The government has already sold US$1.5 billion of local Sukuk in March this year, says HSBC Amanah head Herwin Bustaman.
Bank Muamalat to raise $87M through sukuk
Bank Muamalat will issue Islamic debt papers in July with the hope of raising Rp 800 billion or US$87 million.
CIMB poised to become Asia's largest investment banking franchise
Will it be able to topple Credit Suisse as it acquires Royal Bank of Scotland?
Islamic banks in Asia, and their differences with their GCC counterparts
The Islamic banking sector is one of the fastest growing segments in global banking, growing at an estimated 15-20% p.a.
Permata eyes 65% sharia lending growth
Permata Bank Syariah is targeting a lending growth of 65 percent this year.
PermataBank Syariah ups profit by 41% in 2011
PermataBank Syariah reported a profit of Rp 133 billion or US$14.45 million in 2011, reports Jakarta Post.
Bank Islam Malaysia admits to tougher 2012
Challenges facing Malaysia’s first Islamic bank will dent its bottom line this year.
Islamic Finance offers comprehensive solution: BNM Governor
Islamic finance offers a comprehensive and competitive solution in meeting funding and investment requirements of businesses.
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
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