Islamic Banking

Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov

Indonesia’s sharia economy and finance maintained positive growth in 2023. 
4 days ago

Indonesia’s Islamic financing to expand by 10% -12% in 2024: deputy gov

Indonesia’s sharia economy and finance maintained positive growth in 2023. 
4 days ago

Malaysia’s Islamic banks continues to fly high in 2024: Fitch

Malaysia’s Islamic banking market is the third largest globally.

Malaysia proposes revisions to Islamic banking regulations

The central bank is inviting feedback to its exposure draft, until 31 March.

UOB Malaysia establishes inaugural Islamic debt programme

Tier 2 Sukuk Wakalah was given a fixed profit rate of 4.01% per annum.

Deutsche Bank, CIMB team up to expand Shariah-compliant custody services offerings

CIMB Islamic also named Deutsche Bank as its foreign custody services support.

Maybank Singapore approves landmark US$100m green-linked Islamic loan

Maritime transportation services company AET will use it to reduce GHG emissions.

The resilience and growth of Islamic Banking in Bangladesh

Islamic banking has played a pivotal role in creating employment opportunities for the 120 million individuals in Bangladesh.

Maybank opens Islamic wealth management hub in Singapore

It will offer end-to-end Islamic wealth solutions.

HLB and Cagamas concludes RM300m green deal

It is Malaysia's first corporate issuance relating to green housing loans and financing.

RHB Islamic Bank targets $1.28b in wealth management by 2026

Its new Visa multi-currency card and new Islamic wealth portal will help achieve this goal.

MUFG closes $50m Islamic green trade finance facility for Sime Darby Motors

Proceeds will be used for working capital needs related to EVs.

Economic woes, higher rates weigh on Islamic banks’ financing growth

Indonesian banks may benefit from widening margins, however.

Islamic banks must boost market share before any “radical” changes: analysts

But an abolition of the fractional reserve banking system may be a good idea.

Islamic finance professionals more open to adopting crypto, digital assets: survey

Lack of need to pay for interest rates appeals to conservative Muslims.

Economic crises can be avoided by using the Islamic financing paradigm

Financial system based on shariah, or Islamic law, is a better strategy than traditional finance in light of the recent difficulties in the global...

ESG-linked sukuk issuance treads an upward path

Over $4.3b of ESG-linked sukuk was issued globally in Q2 2022.