Islamic Banking

Indonesia's central bank includes Shariah in new lending rule

Indonesia's central bank includes Shariah in new lending rule

Bank Indonesia will require also Shariah banks to toughen down payments on housing and automotive loan.

Risk management in Islamic banking

Banking in Asia has grown by leaps and bounds in terms of size, profitability, sophistication and maturity in the dozen years so far of the 21st...

Malaysian Islamic finance groups asked to focus on OIC

Islamic finance players pay more attention to Organisation of Islamic Cooperation member countries before venturing into other continents, says a...

Islamic banking to be introduced into China

Malaysia’s Bank Muamalat Malaysia Bhd and Bank of Shizuishan will open an Islamic bank in Ningxia Province within two years.

StanChart makes KL its Islamic banking hub

Standard Chartered Bank is making Kuala Lumpur its global business hub for Islamic consumer banking as part of its strategy to grow its Islamic...

India keen on Islamic Finance System: WIEF Sec Gen

The Indian government will come out with a policy decision  as regards the establishment of Islamic banks and finance institutions, according to WIEF...

Malaysia's Bank Islam to expand in Indonesia

Bank Islam Malaysia has offered to acquire between 30 and 40 percent stake in an Indonesian Islamic bank.

Markets determine Islamic mega bank licence applications: Bank Negara

Bank Negara Malaysia said applications for Islamic mega bank licences willbe determined on business viability.

Is Islamic finance moving towards Skype banking?

Branches can still remain the main delivery channel for Islamic banking, but CIMB warns that regulators must also know how to regulate things such as...

“There will not be any uniformity of application of Shariah”: CIMB

But the former CEO of Kuwait International Bank argues that standardization of global Islamic banking suite of products and services will lead to...

Malaysia luring gulf banks with Islamic facility

Malaysia's centra lbank is luring commercial banks from the Gulf to trade more in the country’s syariah-compliant money market with an Islamic...

Islamic banks urged to diversify to overcome scale disadvantage

They will have to venture in asset management and wealth management to sustain the growth of Islamic finance.

Islamic finance needs the same regulation as conventional finance: CIMB

But flexibility to be different between one jurisdiction to another should also be allowed in Islamic finance just as it is allowed in conventional...

Commercial Bank of Ceylon opens Islamic banking unit

Commercial Bank of Ceylon's Islamic banking unit has opened a dedicated service point for 'Sharia Compliant Banking' at its Akkaraipattu branch.

Indonesia set to see record Sukuk issuance in 2012: HSBC

The government has already sold US$1.5 billion of local Sukuk in March this year, says HSBC Amanah head Herwin Bustaman.

Bank Muamalat to raise $87M through sukuk

Bank Muamalat will issue Islamic debt papers in July with the hope of raising Rp 800 billion or US$87 million.

CIMB poised to become Asia's largest investment banking franchise

Will it be able to topple Credit Suisse as it acquires Royal Bank of Scotland?