Islamic Banking
Maybank Syariah Indonesia may launch operations next year
Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.
Maybank Syariah Indonesia may launch operations next year
Lender’s conversion to sharia of commercial bank still needs endorsement by BII shareholders to materialize.
CIMB Islamic launches Ijarah Property Financing-i
First lender in Malaysia to offer home financing based on Ijarah concept.
Great Eastern and Koperasi Tentera JV bags Family Takaful licence
Licence will enable Great Eastern Takaful to distribute syariah-compliant life insurance products in Malaysian market.
CIMB Islamic optimistic on sukuk issuance
Lender sees product to surpass $20bln as global sukuk market is rebounding from crisis.
Maybank Islamic unveils Waqf product
Contributions will be managed to create continuous stream of funds towards charity programmes by YWM.
Maybank to convert Indonesian unit into syariah bank
BMI keen to exploit growing potential of Islamic banking following its $93.44mln capital reduction.
HSBC Amanah forecasts strong Asian sukuk sales
Region’s share in $1tln Islamic finance industry expected to increase amidst European and Dubai credit crises.
DBS reduces staff in Islamic banking business
IB Asia suffered $77.1mln loss in 2009 and even planned earlier to cease lending operations entirely.
OCBC Al-Amin Bank eyes double-digit growth asset, profit surge
Lender confident of hitting the target as global economic recovery fosters Islamic banking growth.
Foreign banks step up Islamic banking expansion
Lenders eye to dominate market share via more branches, innovative products.
Malaysia central bank to introduce Shariah governance framework
Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.
Maybank Islamic eyes financing to grow above 18%
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
Bank Rakyat 2009 profit up 18%
Report showed lender as Malaysian leader in ROA with its $336.92mln net.
Deutsche Bank Malaysia secures international Islamic banking license
Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.
Malaysian Islamic banks confident on new competition
Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.
Sharia banks in Indonesia may offer bigger returns
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
Islamic Banking creates new horizons for banking solutions
The last few years have experienced a rapid growth of Islamic banking and finance services around the globe. GCC and Southeast Asian countries...
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