Islamic Banking
Deutsche Bank, CIMB team up to expand Shariah-compliant custody services offerings
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.
Hong Leong Islamic Bank names Dafinah Ahmed Hilmi as CEO
She spent the last 19 years working at HSBC.
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.
CIMB Islamic, StanChart Saadia enter US$227m Collateralised Commodity Murabahah transaction
Proceeds will be used for SDG-compliant projects.
Malaysia grants five digital bank licenses
Two will be Islamic digital banks.
Maybank Asset Management Malaysia launch Shariah-compliant retirement solution
The funds aim to achieve a 6% to 8% return per annum.