Indonesia's Syariah Mandiri gets $31-M capital boost
Bank Mandiri injected US$31 million or Rp 300 billionto its Islamic unit. Bank Syariah Mandiri. The additional funds will boost Bank Syariah Mandiri’s capital to Rp 4.2 trillion. The Islamic bank is...
View ArticleIslamic banking continues growth in Malaysia
Accounts for a fifth of Malaysia’s total banking assets. The Ministry of Finance reported that the Islamic banking business in Malaysia expand in the first seven months of 2012 with total assets...
View ArticleTatarstan to explore Islamic banking with Malaysia
The Republic of Tatarstan is keen to explore collaboration in Islamic banking with Malaysia. According to Malaysia's Foreign Minister Datuk Seri Anifah Aman,they have discussed with Tatarstan...
View ArticleMalaysian Islamic finance still a work in progress: Regent
More efforts must be made by Malaysian firms to manage risks in the Islamic financial system. Regent of Perak, Raja Dr Nazrin Shah, said that although the Malaysian financial sector made a strong...
View ArticleMalaysian Islamic finance sector gains global ground
Malaysia’s Islamic finance services sector now boasts of the world’s largest sukuk market. It also has the second-largest takaful market and a major Islamic banking and securities industry. Malaysia...
View ArticleBank Muamalat to expand branch network
Will sell sukuk Islamic bonds to finance expansion. Bank Muamalat Indonesia plans to sell US$$73 million worth of sukuk Islamic bonds in the first half of 2013. The bond sale is part of BNI’s plan to...
View ArticleBank Mandiri to inject $83-M in Shariah unit
Bank Mandiri will channel anotherf Rp 800 billion ($83 million) to its Shariah unit to expand its services. The total capital infusion to Bank Syariah Mandiri will reach ahead of its listing in the...
View ArticlePNB Group backs Malaysian govt push for Islamic finance
Investee companies under PNB are leading support for Malaysia's efforts at promoting Islamic finance. Permodalan Nasional Bhd President/Group Chief Executive Tan Sri Hamad Kama Piah Che Othman said...
View ArticlePermata Syariah expands offerings in Q1
Ranking: No Permata Bank Syariah will launch a umrah financing in the first quarter. It will be the unit’s first personal financing segment, according to Permata Syariah head Achmad Kusna Permana.“We...
View ArticleTapping the Islamic finance industry's growth potential in Bangladesh
Ranking: No Contributor: Md. Touhidul Alam Khan The growth potential for Bangladesh's Islamic finance industry is enormous, and coupled with a steadily growing economy and financial reforms. With...
View ArticleYou should know about the 'Three-Horizon' growth strategy for Islamic banks
Ranking: No Contributor: Adil Ahmad It is very clear that Islamic banking is now an established industry with high growth prospects. Asia is and will continue to be a key geographical area for this...
View ArticleMalaysia to reform Islamic banking industry
Ranking: No Goal is to double Islamic banking’s market share to 40%.Malaysia is implementing regulatory reforms to help its Islamic banking industry expand further. The government originally aimed for...
View ArticleMaybank Singapore launches Shariah-compliant banking products
Ranking: No Products to finance residential and commercial and industrial properties in Johor, Melaka, Kuala Lumpur and Penang. Maybank Singapore Islamic Banking said the new products, Islamic Home...
View ArticleMaybank Singapore offers range of Islamic banking products
Ranking: No Shariah-compliant banking products to finance property acquisitions. Maybank Singapore Islamic Banking has launched two new Shariah-compliant banking products for buyers in Singapore...
View ArticleIndia launches first Islamic equity index
Ranking: No Provides a new benchmark for Islamic investors. The Bombay Stock Exchange said the Islamic equity index is based on the wide-measure S&P BSE 500 index. The new index comprises the...
View ArticleIslamic banking conference to be held in Singapore
Ranking: No Leading industry players to meet June 3 to 5. The 4th World Islamic Banking Conference is expected to attract some 500 key international players in Islamic banking. Conference theme will...
View ArticleIslamic trade finance predicted to be the preferred choice in emerging markets
These markets include Indonesia and Malaysia. According to Ernst & Young’s Global Islamic Banking Center, Islamic trade finance could provide new opportunities and become the preferred choice for...
View ArticleIslamic banking continues Singapore expansion
Middle East banks in Singapore now offering Islamic banking. Minister for Trade and Industry and Deputy Chairman of the Monetary Authority of Singapore Lim Hng Kiang said Islamic financial activities...
View ArticleShariah banking could take 5% of Indonesian banking
Shariah banks’ assets grew to US$21.8 billion in 2012 from 2011. Bank Indonesia, the central bank, expects the market share of Shariah banking to reach 5% in the second quarter of this year. Bank...
View ArticleThis is what happens when Islamic banks' CEOs engage in a power debate
Find out what CEOs of CIMB, Maybank argued. According to a release, a key highlight of the 4th Annual World Islamic Banking Conference 2013 in Asia was the high profile Power Debate session led by...
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