Islamic Banking
Islamic banking gains global appeal
Islamic banking gains global appeal
State support, population trends, and ethical investing are spurring the demand.
CIMB Group names Datuk Syed Zaid Albar as group chairman
He is the former executive chairman of the Securities Commission Malaysia.
Bank Muamalat unveils Islamic digital bank ATLAS
It offers Shariah-compliant financing, DuitNow onboarding, and personalised services.
Aleta Planet launches payment app for Muslims
The platform will soon let users find Muslim businesses in the region.
Islamic finance assets to reach $7.5t by 2028
Bank accounts make up 70% of the total assets.
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
Malaysia has come a long way in promoting financial inclusion. With more than 96% of adults now having access to formal financial services, up from...
Aleta Planet unveils digital payment app for Muslim merchants
It offers no transaction fees for 24 months and cashbacks for merchants.
Maybank Islamic to transform digital banking services
It has partnered with audax to deliver digital banking solutions built on AWS.
Fitch forecasts growth in Philippine Islamic finance sector
The government plans to incorporate sukuk in its 2025 financing mix.
BSP underscores PH's potential as investment destination for Islamic finance
This is thanks to the country's drive for financial inclusion and robust economy amongst others.
Islamic finance needs to expand pool of skilled professionals: CIIF
CIIF signed three MOUs to develop the talent pipeline of the Islamic finance industry.
Regulatory gaps and rising demand fuel islamic banking boom in Asia
Asia’s Islamic banking sector is expanding rapidly.
Malaysia invests $906.67m to enhance MSME lending, Islamic finance
It also mulls establishing the Consumer Credit Commission.
Governance issues weigh on Bangladesh’s Social Islami Bank PLC
The government recently replaced its board and made changes to its management
Malaysia, UK tout Islamic finance to bridge green funding gap
Islamic finance’s framework naturally aligns with social finance, an official said.
Maybank kicks off Islamic banking operations in the Philippines
It is the first commercial bank in the country to get an IBU license.
Social Islami Bank faces weakened funding and liquidity
The possible withdrawal of central bank support can hurt depositor confidence.
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The financial institution bagged the ASEAN SME Bank of the Year, SME Bank of the Year - Hong Kong, and SME Bank of the Year - Indonesia.
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