Islamic Banking

HSBC to restructure its Islamic finance business

HSBC to restructure its Islamic finance business

The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.

Islamic financing growing stronger in Malaysia

Malaysia’s Islamic banks accounted for 24.2% of Malaysia’s total banking industry assets during the first seven months of 2012.

Indonesian sukuk posts longest rally in a year

Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the...

Malaysia is runaway global leader in sukuk

Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July.

Affin to buy 30% Bank Muamalat stake

Malaysia's central bank has given Affin Holdings permission to negotiate with DRB-Hicom on Bank Muamalat sale.

DRB-Hicom plans mega Islamic bank

The creation of an Islamic bank is in the pipeline for DRB-Hicom provided it succeeds in paring down its stake in Bank Muamalat Malaysia Bhd to Affin...

Irish group to issue sukuk in Malaysia

Ireland’s Electricity Supply Board may become the first large non-financial company from Europe to sell Islamic bonds.

Malaysia pushes for Islamic bank expansion in SE Asia

Malaysia's Islamic banks could get a greater role in managing sukuk by penetrating distribution channels to investors in Southeast Asia.

Will Islamic banking flourish in China?

It seems so as Fitch says it may help attract capital inflows from the Middle East. 

Islamic finance players want balanced regulatory framework

Leading industry players in Islamic finance are requesting a balanced regulation that does not impede its growth or allow for abuse.

Indonesia tells sharia banks to put IPOs on hold

Bank Indonesia suggested that Bank Syariah Mandiri and Bank Muamalat bide time before floating their shares on the bourse.

Bank Islam targets 30% loan growth

Bank Islam Malaysia is eyeing a 30 percent loans growth this year.

Malaysia remains world leader in Islamic finance

Malaysia accounts for US$165.2 billion or 60% of worldwide sukuk deals. Sukuk is the Islamic equivalent of bonds.

Financial services to reach Muslims in rural Malaysia

Financial reforms in Malaysia will give Islamic banks more opportunities in the rural areas.

Malaysia still tops Islamic finance sector

Malaysia still leads in Islamic finance trailed by Singapore, which is striving to create more business in the sector.

Southeast Asia an engine for growth for Sharia banking

Guess which country could be the key player for Islamic banking?