Islamic Banking
Hong Leong Islamic appoints Raja Teh Maimunah as CEO
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.
Islamic Finance: remarkable growth presents a real challenge
Remarkable growth Between 2006 and 2010, Islamic Finance has seen a 19 per cent CAGR (compound annual growth rate) - bringing it to an estimated...
What role do Islamic Financial Institutes have in the Finance world of tomorrow?
The Issue of Choice In February 2011, KPMG last wrote about the issues regarding the infrastructure and regulation of Islamic banking in Malaysia...
StanChart Indonesia seeks to take over Bank Muamalat
The British bank is among the suitors which aims to capitalise surging demand for Islamic banking business in Indonesia.
Malaysian central bank grants Islamic banking licence to Bahrain bank
The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial...
Malaysia targets $2bn global sukuk offering
HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe.
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
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