Islamic Banking

Proceeds will be used for SDG-compliant projects.

Two will be Islamic digital banks.

Government support pushes the sector to an upward trajectory.

The funds aim to achieve a 6% to 8% return per annum.

The products are now available at Eccellente by HAO Market in Singapore.

Uncertainty over Omicron's impact may drive this slowdown.

Bank Rakyat was the most favourably-covered bank in the past year.

For smaller players, this may be their best bet to protect their assets.

The lack of available online banking options will be a dealbreaker for most.

The large untapped population in these regions and government support will drive long-term expansion.

Financial growth will drop but will remain higher due to Islamic banking expansion.

Sovereign sukuk issuance soared 39.2% on COVID-related budget pressures in H1.

All financing facilities based on BLR and BFR will be slashed 0.25%.

But Islamic banks are not expected to take significant market share in the medium term.

CIMB Group has pledged to invest $477m over the next five years to strengthen its digital platforms.

Islamic financing accounted for more than 24% of total financing in Bangladesh.