Islamic Banking

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. 

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.