Islamic Banking
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ISLAMIC BANKING |
02 May 13
67 reads
Provides a new benchmark for Islamic investors.
The Bombay Stock Exchange said the Islamic equity index is based on the wide-measure S&P BSE 500 index. Read ››
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ISLAMIC BANKING |
26 Apr 13
83 reads
Shariah-compliant banking products to finance property acquisitions.
Maybank Singapore Islamic Banking has launched two new Shariah-compliant banking products for buyers in Singapore intending to purchase residential, commercial and industrial property in Kuala Lumpur, Johore, Melaka and Penang. Read ››
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ISLAMIC BANKING |
10 Apr 13
189 reads
Products to finance residential and commercial and industrial properties in Johor, Melaka, Kuala Lumpur and Penang. Read ››
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ISLAMIC BANKING |
21 Feb 13
391 reads
Goal is to double Islamic banking’s market share to 40%. Read ››
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ISLAMIC BANKING |
20 Feb 13
BY ADIL AHMAD
359 reads
It is very clear that Islamic banking is now an established industry with high growth prospects. Read ››
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ISLAMIC BANKING |
20 Feb 13
BY MD. TOUHIDUL ALAM KHAN
517 reads
The growth potential for Bangladesh's Islamic finance industry is enormous, and coupled with a steadily growing economy and financial reforms. Read ››
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ISLAMIC BANKING |
14 Feb 13
46 reads
Permata Bank Syariah will launch a umrah financing in the first quarter. Read ››
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ISLAMIC BANKING |
06 Feb 13
84 reads
Investee companies under PNB are leading support for Malaysia's efforts at promoting Islamic finance. Read ››
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ISLAMIC BANKING |
04 Feb 13
60 reads
Bank Mandiri will channel anotherf Rp 800 billion ($83 million) to its Shariah unit to expand its services. Read ››
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ISLAMIC BANKING |
23 Jan 13
345 reads
Will sell sukuk Islamic bonds to finance expansion.
Bank Muamalat Indonesia plans to sell US$$73 million worth of sukuk Islamic bonds in the first half of 2013. Read ››
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ISLAMIC BANKING |
15 Jan 13
420 reads
Malaysia’s Islamic finance services sector now boasts of the world’s largest sukuk market. Read ››
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ISLAMIC BANKING |
15 Jan 13
65 reads
More efforts must be made by Malaysian firms to manage risks in the Islamic financial system. Read ››
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ISLAMIC BANKING |
08 Jan 13
322 reads
The Republic of Tatarstan is keen to explore collaboration in Islamic banking with Malaysia. Read ››
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ISLAMIC BANKING |
07 Jan 13
557 reads
Accounts for a fifth of Malaysia’s total banking assets.
The Ministry of Finance reported that the Islamic banking business in Malaysia expand in the first seven months of 2012 with total assets increasing 21% to US$154 billion, or 24.1% of the country’s banking system’s assets. Read ››
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ISLAMIC BANKING |
06 Jan 13
343 reads
Bank Mandiri injected US$31 million or Rp 300 billionto its Islamic unit. Read ››
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ISLAMIC BANKING |
20 Dec 12
461 reads
Check out what it means for Islamic finance.
The new legal framework for Islamic banking and takaful is now at the final stages of the enactment process, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said Wednesday. Read ››
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ISLAMIC BANKING |
11 Dec 12
BY MD. TOUHIDUL ALAM KHAN
1097 reads
Islamic banking operates with the same purpose as conventional banking except that it operates in accordance with the rules of Shari’ah, known as Fiqh al-Muamalat (Islamic rules on transactions). Read ››
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ISLAMIC BANKING |
05 Dec 12
BY TUN MUSA HITAM
526 reads
With political turmoil and economic upheaval in many parts of the world, the need for closer interaction and trade between Muslim and non-Muslim countries has never been greater. Read ››
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ISLAMIC BANKING |
04 Dec 12
96 reads
Islamic finance could be further developed.
continues to gain recognition from outside the Muslim world and has tremendous potential to be developed further,
Malaysia's Prime Minister Datuk Seri Najib Tun Razak said Islamic finance was more reflective of the real economy, less speculative, provides a long-term partnership and stability and was a good source of financing. Read ››
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ISLAMIC BANKING |
28 Nov 12
415 reads
Three more branches in 2012.
These will be in Melaka, Seremban and Kelantan, HSBC Amanah announced after launching its Kuching branch recently.
With these branches, the group is set to complete its footprint in Malaysia ahead of schedule. Read ››
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ISLAMIC BANKING |
28 Nov 12
533 reads
Average annual growth has been 40% since 2007.
Indonesia’s sharia banking system consisting of 191 banks and its potential is huge. Read ››
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ISLAMIC BANKING |
06 Nov 12
166 reads
CIMB starts Australian operations this week.
To distinguish itself from the competition in Australia, CIMB will use its expertise in Islamic finance. Read ››
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ISLAMIC BANKING |
31 Oct 12
558 reads
Hong Kong takes a major step in advancing Islamic financing. Read ››
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ISLAMIC BANKING |
30 Oct 12
207 reads
Lacks regulations and talent.
This is how Kuala Lumpur-based Asian Finance Bank Bhd. Read ››
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ISLAMIC BANKING |
30 Oct 12
517 reads
Taxation framework for 'sukuk' are under way.
According to a government release, the Government is finalising a bill that will provide a taxation framework for Islamic bonds, or sukuk, that it hopes to introduce to the Legislative Council in early 2013, the Financial Services & the Treasury Bureau said today. Read ››
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ISLAMIC BANKING |
26 Oct 12
581 reads
The Development Bank of the Philippines has received government approval to sell its 99.88% stake in the Philippines’ only Islamic bank. Read ››
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ISLAMIC BANKING |
17 Oct 12
609 reads
It is better to have a slower growth rate due to relatively restrictive regulations than to suffer a ‘subprime’ crisis. Read ››
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ISLAMIC BANKING |
11 Oct 12
558 reads
The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia. Read ››
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ISLAMIC BANKING |
08 Oct 12
107 reads
The Shariah unit of CIMB Niaga doubled its earnings in the first half as customers placed more funds, pushing upthe value of its assets. Read ››
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ISLAMIC BANKING |
08 Oct 12
636 reads
The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers. Read ››
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ISLAMIC BANKING |
03 Oct 12
586 reads
Malaysia’s Islamic banks accounted for 24.2% of Malaysia’s total banking industry assets during the first seven months of 2012. Read ››
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ISLAMIC BANKING |
02 Oct 12
562 reads
Here's what to expect from the agreement.
The Asian Development Bank and the Islamic Financial Services Board has agreed to facilitate international cooperation through a signed agreement to further advance the progress of Islamic finance in common developing member countries (CDMCs). Read ››
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ISLAMIC BANKING |
29 Sep 12
100 reads
Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the coming quarter. Read ››
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ISLAMIC BANKING |
28 Sep 12
115 reads
Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July. Read ››
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ISLAMIC BANKING |
21 Sep 12
663 reads
Malaysia's central bank has given Affin Holdings permission to negotiate with DRB-Hicom on Bank Muamalat sale. Read ››
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ISLAMIC BANKING |
21 Sep 12
580 reads
The creation of an Islamic bank is in the pipeline for DRB-Hicom provided it succeeds in paring down its stake in Bank Muamalat Malaysia Bhd to Affin Holdings Bhd. Read ››
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ISLAMIC BANKING |
21 Sep 12
514 reads
Ireland’s Electricity Supply Board may become the first large non-financial company from Europe to sell Islamic bonds. Read ››
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ISLAMIC BANKING |
21 Sep 12
620 reads
Malaysia's Islamic banks could get a greater role in managing sukuk by penetrating distribution channels to investors in Southeast Asia. Read ››
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ISLAMIC BANKING |
18 Sep 12
786 reads
It seems so as Fitch says it may help attract capital inflows from the Middle East.
A report says Malaysia’s Bank Muamalat Malaysia Bhd and Bank of Shizuishan will open an Islamic bank in Ningxia Province within two years. Read ››
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ISLAMIC BANKING |
15 Sep 12
120 reads
Leading industry players in Islamic finance are requesting a balanced regulation that does not impede its growth or allow for abuse. Read ››
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