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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...

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Islamic 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...

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Tatarstan 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...

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Malaysian 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...

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Malaysian 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...

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Bank 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...

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Bank 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...

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PNB 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...

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Permata 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...

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Tapping 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...

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You 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...

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Malaysia 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...

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Maybank 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...

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Maybank 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...

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India 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...

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Islamic 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...

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Islamic 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...

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Islamic 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...

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Shariah 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...

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This 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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