Islamic Banking
Foreign banks step up Islamic banking expansion
Foreign banks step up Islamic banking expansion
Lenders eye to dominate market share via more branches, innovative products.
Malaysia central bank to introduce Shariah governance framework
Timing of launch deemed strange as Shariah advisory role in Islamic finance is under scrutiny.
Maybank Islamic eyes financing to grow above 18%
CEO positive Islamic financing's rising trend to continue as zakat payment grew 38% from past FY.
Bank Rakyat 2009 profit up 18%
Report showed lender as Malaysian leader in ROA with its $336.92mln net.
Deutsche Bank Malaysia secures international Islamic banking license
Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.
Malaysian Islamic banks confident on new competition
Bankers see additional licenses resulting to wider array of syariah-based financial services as opportunities for expansion.
Sharia banks in Indonesia may offer bigger returns
Bank Mega Syariah Indonesia said demand for Islamic products could boost Islamic lender's ROE by 40%.
Islamic Banking creates new horizons for banking solutions
The last few years have experienced a rapid growth of Islamic banking and finance services around the globe. GCC and Southeast Asian countries...
Islamic Bank of Asia chief resigns
DBS Islamic arm maintains commitment on bank's growth following CEO Vince Cook's quitting.
HSBC: Affluent customers prefer Shariah banking
HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.
More growth in Indonesian Islamic banks seen
More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.
StanChart Islamic unit aims expansion
Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.
CIMB offers low-risk Shariah investment
CIMB-Principal launched a tax-efficient alternative to traditional deposits, which provides potentially higher returns and allows withdrawal anytime...
Maybank tailor-fits shariah for mid-markets
Maybank Islamic launched a Shariah-compliant trade finance solution tailor-made for middle market and corporate customers involved with commodity...
Maybank Singapore launches new Islamic term deposit
For a minimum placement of S$10,000 or US$6887 for a 12-month tenure, clients can avail of Maybank Singapore's first Islamic term deposit. It has a...
Maybank Islamic targets US$566M in deposits
Maybank Islamic is targeting US$566.7 million in deposits from its launch of two new financial products, within one year. The products are Foreign...
Treasury operations boost Hong Leong Islamic profit by 15%
Hong Leong Islamic Bank posted a net profit after tax of US$15.473 million, up 15 percent year on year.
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