Islamic Banking
Bank Islam Malaysia advises rivals to start merging
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.
Bank Negara Malaysia demands Islamic banks sharia compliance
Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust...
AIA, Alliance to tap Malaysian takaful opportunities
A new joint venture will offer a range of Takaful savings, protection and investment products designed to meet the unique needs of Malaysians.
Moving towards a tax level playing field for Islamic finance
The review of tax treatment of Islamic Finance products is one of the main tax recommendation of the Report on Australia as a Financial Centre.
Great Eastern launches Takaful business in Malaysia
Great Eastern offers Islam-compliant insurance products and services to cater 60.4% of Malaysia's population of 28.3mln.
Maybank unveils Syariah bank in Indonesia
Maybank Syariah Indonesia part of Group’s aspiration to extend its Islamic banking operations regionally.
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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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