Islamic Banking

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...

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.

Bank Islam Malaysia advises rivals to start merging

Industry’s stiff competition forces small lenders to team up with larger ones to form stronger entities.

DBS names Toby O'Connor head shiaria unit

The banker formerly headed JP Morgan’s Middle East and North Africa Sovereign Wealth Funds and Financial Sponsor group for investment banking.

Maybank starts issuing initial $330.52mn Islamic sukuk

Malaysian Rating rated the sukuk AA+IS and carried a tenure of 10 years from the issue date on a 10 non-callable five basis.

RHB Bank unveils 2 transaction banking services

With the new products, trade products can now be issued and settled in renminbi and value-added services can now be added to the existing export...

Assets of Malaysia’s Islamic banks up 16% to $116bn

The Southeast Asian nation expects more Islamic bank investors as it issues new permits this year for Islamic banks with a minimum capital of $1bn.

BNI Syariah to inaugurate 10 new branches

The lender also plans to open 28 sub- branches, including in Bali and Kalimantan, as it plans to boodt its assets by 50%.

Islamic finance in Malaysia and infrastructural issues

In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the...

Malaysia to lead sukuk issuance in surpassing US$35B

Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance...

Indonesia's Islamic bank assets forecasted to grow by 55%

The assets of Indoenesia's Islamic banks are expected to grow by half this year. Indonesia's central bank noted that the state increasingly turns...

Indonesia to join International Islamic finance group

BI has also secured approval from the House of Representatives to join the newly established International Islamic Liquidity Management .

More sharia banks planned in Indonesia

Several banks expressed interest in establishing sharia banks in Indonesia.

Maybank Islamic forecasts 30% growth in 2011

Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.