Islamic Banking

Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?

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...
4 days ago

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.

Islamic finance to become a $6.7t industry by 2027: LSEG

Malaysia and Indonesia are amongst the world’s top Islamic finance markets.

APAC Islamic banks continue upward trajectory with lift from new players

The launch of new Islamic players will improve access to financial services, says S&P.

CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives

This is PETRONAS’ first venture towards Shariah-compliant derivatives.

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

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