Islamic Banking

Kazakhstan lures Malaysians to invest in its Islamic finance

Kazakhstan has invited Malaysians to invest in the country's Islamic finance sector.

Kazakhstan lures Malaysians to invest in its Islamic finance

Kazakhstan has invited Malaysians to invest in the country's Islamic finance sector.

AIA AFG Takaful to open 3 branches in 2012

AIA AFG Takaful Bhd plans to set up three branches next year, its chief executive officer Wan Azman Wan Mamat said.

Maybank’s net profit jumps 25% to RM1.29b in 1Q11

As overseas loans surged 41.4% led by Singapore and Indonesia.

Indonesia's Islamic banking assets grow by 4 %

Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S. dollars year on year in...

Takaful Malaysia pays RM578,000 profit-sharing to university

Takaful Malaysia paid Mudharabah profit-sharing totalling RM578,000 to Universiti Kebangsaan Malaysia for their Group Takaful Scheme.

Hong Leong Islamic appoints Raja Teh Maimunah as CEO

She has over 18 years of experience in the financial industry and was the Global Head of Islamic Markets at Bursa Malaysia.

Hong Leong Takaful Eyes RM10 Million Contribution From MBSB Tie-up

Hong Leong Takaful expects to net RM10 million in gross premiums in the first year following the MoU  with Malaysian Building Society Bhd for the i...

Hong Leong Islamic to get EONCAP Islamic business

A Vesting Order has been granted by the High Court to  transfer the entire business including all assets and liabilities of EONCAP Islamic Bank Bhd...

Malaysia needs more trained Islamic banking personnel

Malaysia needs to educate more staff on Islamic banking products and services towards becoming a hub for Islamic finance, said an Islamic banking...

CIMB Group launches Shariah-compliant securities services

It will comprise of four business units namely, Trustee Services and Products, Custody, Corporate Agency, and Fund Accounting.

Malaysia aims to become global Islamic finance centre

The government targets further enhancing stakeholders' confidence and enhance the integrity of the Islamic financial industry.

Maybank Islamic eyes steady contribution from asset financing to parent

27% of Maybank Group's total loan and advances come from its Islamic unit.

Takaful: Insurance revolution in Islamic finance

Islamic Finance Industry: Alpha & Omega The enactment of the Islamic Banking Act in 1983 spawned a new paradigm of banking in Malaysia. The...

Bank Islam remains open to M&As

The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.

OSK-UOB starts offering global food Islamic equity fund

The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.

Sri Lanka opens first Sharia-compliant commercial bank

Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.

CIMB Niaga to offer Commidity Murabahah deposit

CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.