Islamic Banking
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
Bank Islam, Takaful Malaysia push BIMB Holdings net profit up
BIMB Holdings' profit before zakat and taxation is up 47 percent to US$189.2 million for the financial period ended Dec 31, 2011.
Simpanan hopes to sustain 10% growth for Islamic account savers
Bank Simpanan Nasional hopes to sustain the 10 percent growth last year for its Islamic banking product account savers.
Azrulnizam appointed Al Rajhi Bank Malaysia CEO
Azrulnizam Abdul Aziz has been appointed CEO of Al Rajhi Bank (Malaysia).
Bank Muamalat wants non-muslim customers for Islamic products
Bank Muamalat's hopes to enhance the market of its various Islamic banking products and services with non-Muslin customers .
HSBC to introduce new sukuk
HSBC Amanah Malaysia Bhd will introduce an innovative sukuk this year for retail investors to maintain HSBC's position as a leading sukuk house.
Islamic banking risk management standards
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
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
Kazakhstan has invited Malaysians to invest in the country's Islamic finance sector.
AIA AFG Takaful to open 3 branches in 2012
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
As overseas loans surged 41.4% led by Singapore and Indonesia.
Indonesia's Islamic banking assets grow by 4 %
Indonesia's Islamic banking sector beefed up its assets by 46.55 percent to 126 trillion rupiah or some 14.002 billion U.S. dollars year on year in...
Takaful Malaysia pays RM578,000 profit-sharing to university
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
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
Hong Leong Takaful expects to net RM10 million in gross premiums in the first year following the MoU with Malaysian Building Society Bhd for the i...
Hong Leong Islamic to get EONCAP Islamic business
A Vesting Order has been granted by the High Court to transfer the entire business including all assets and liabilities of EONCAP Islamic Bank Bhd...
Malaysia needs more trained Islamic banking personnel
Malaysia needs to educate more staff on Islamic banking products and services towards becoming a hub for Islamic finance, said an Islamic banking...
CIMB Group launches Shariah-compliant securities services
It will comprise of four business units namely, Trustee Services and Products, Custody, Corporate Agency, and Fund Accounting.
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