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HSBC to introduce new sukuk
10 Jan 12
HSBC Amanah Malaysia Bhd will introduce an innovative sukuk this year for retail investors to maintain HSBC's position as a leading...
Islamic banking risk management standards
2 Jan 12
Islamic Risk Management standards aim at enhancing and improving the current standards in the shariah compliant banking industry.
CIMB to launch new Islamic products in Singapore and Indonesia in 2012
28 Dec 11
CIMB Group will introduce new Islamic products in Indonesia and Singapore this year through its Islamic units in the two countries.
Kazakhstan lures Malaysians to invest in its Islamic finance
19 Dec 11
Kazakhstan has invited Malaysians to invest in the country's Islamic finance sector.
AIA AFG Takaful to open 3 branches in 2012
15 Nov 11
AIA AFG Takaful Bhd plans to set up three branches next year, its chief executive officer Wan Azman Wan Mamat said.
Maybank’s net profit jumps 25% to RM1.29b in 1Q11
14 Nov 11
As overseas loans surged 41.4% led by Singapore and Indonesia.
Indonesia's Islamic banking assets grow by 4 %
12 Nov 11
Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S.
Takaful Malaysia pays RM578,000 profit-sharing to university
1 Nov 11
Takaful Malaysia paid Mudharabah profit-sharing totalling RM578,000 to Universiti Kebangsaan Malaysia for their Group Takaful Scheme.
Hong Leong Islamic appoints Raja Teh Maimunah as CEO
30 Oct 11
She has over 18 years of experience in the financial industry and was the Global Head of Islamic Markets at Bursa Malaysia.
Hong Leong Takaful Eyes RM10 Million Contribution From MBSB Tie-up
27 Oct 11
Hong Leong Takaful expects to net RM10 million in gross premiums in the first year following the MoU with Malaysian Building Society Bhd...
Hong Leong Islamic to get EONCAP Islamic business
25 Oct 11
A Vesting Order has been granted by the High Court to transfer the entire business including all assets and liabilities of EONCAP Islamic...
Malaysia needs more trained Islamic banking personnel
24 Oct 11
Malaysia needs to educate more staff on Islamic banking products and services towards becoming a hub for Islamic finance, said an Islamic...
CIMB Group launches Shariah-compliant securities services
18 Oct 11
It will comprise of four business units namely, Trustee Services and Products, Custody, Corporate Agency, and Fund Accounting.
Malaysia aims to become global Islamic finance centre
8 Oct 11
The government targets further enhancing stakeholders' confidence and enhance the integrity of the Islamic financial industry.
Maybank Islamic eyes steady contribution from asset financing to parent
5 Oct 11
27% of Maybank Group's total loan and advances come from its Islamic unit.
Takaful: Insurance revolution in Islamic finance
4 Oct 11
Islamic Finance Industry: Alpha & Omega The enactment of the Islamic Banking Act in 1983 spawned a new paradigm of...
Bank Islam remains open to M&As
24 Sep 11
The lender wants to the M&A that has a strategic fit, which it didn’t see in the last two failed attempts.
Mizuho to venture into Islamic Banking in Malaysia
7 Sep 11
Malaysia is giving out financial services licenses to foreign companies to boost banking industry competition.
OSK-UOB starts offering global food Islamic equity fund
26 Aug 11
The fund will have a Shariah- compliant equity exposure of up to 98% of the fund's next asset value.
Sri Lanka opens first Sharia-compliant commercial bank
7 Aug 11
Sri Lanka's Amana Bank will open its first Sharia- compliant commercial bank in 14 branches across the country.
CIMB Niaga to offer Commidity Murabahah deposit
2 Aug 11
CIMB Niaga plans to roll out a new Syariah product, Commodity Murabahah deposit, possibly by end of this year.
Islamic Finance: remarkable growth presents a real challenge
1 Jul 11
Remarkable growth Between 2006 and 2010, Islamic Finance has seen a 19 per cent CAGR (compound annual growth...
What role do Islamic Financial Institutes have in the Finance world of tomorrow?
1 Jul 11
The Issue of Choice In February 2011, KPMG last wrote about the issues regarding the infrastructure and regulation of...
StanChart Indonesia seeks to take over Bank Muamalat
23 Jun 11
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
17 Jun 11
The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic...
Malaysia targets $2bn global sukuk offering
16 Jun 11
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
3 Jun 11
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
6 May 11
The banker formerly headed JP Morgan’s Middle East and North Africa Sovereign Wealth Funds and Financial Sponsor group for investment...
Maybank starts issuing initial $330.52mn Islamic sukuk
3 Apr 11
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
3 Apr 11
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
24 Mar 11
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
24 Mar 11
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
4 Mar 11
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
23 Feb 11
Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest...
Indonesia's Islamic bank assets forecasted to grow by 55%
14 Feb 11
The assets of Indoenesia's Islamic banks are expected to grow by half this year.
Indonesia to join International Islamic finance group
12 Feb 11
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
12 Feb 11
Several banks expressed interest in establishing sharia banks in Indonesia.
Maybank Islamic forecasts 30% growth in 2011
12 Feb 11
Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.
Bank Negara Malaysia demands Islamic banks sharia compliance
9 Feb 11
Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated...
AIA, Alliance to tap Malaysian takaful opportunities
6 Feb 11
A new joint venture will offer a range of Takaful savings, protection and investment products designed to meet the unique needs of Malaysians....
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