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Monday, 20 May 2013 |
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KUALA LUMPUR: BIMB Holdings Bhd is on the verge of completing its purchase of Dubai Financial Group's (DFG) 30.5% stake in Bank Islam Malaysia Bhd. Read more
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Monday, 20 May 2013 |
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The Bank of London and The Middle East (BLME), Britain's largest standalone Islamic bank, is targeting 15 percent growth in assets this year, with plans for a Dubai office to help boost its capital markets and wealth management offerings. Read more
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Monday, 20 May 2013 |
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SYDNEY: London-based firm Cobalt has developed a Shariah-compliant insurance platform that uses a syndication model to help spread risk across a panel of underwriters, a novel format that could boost capacity in the sector. Read more
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Sunday, 19 May 2013 |
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KUALA LUMPUR: The financial market, whether Islamic or conventional, will always grow with a strong government and will not be affected by the ongoing protest by the opposition over the 13th general election results, said CIMB Islamic Bank Bhd executive director/chief executive director Badlisyah Abdul Ghani. Read more
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Sunday, 19 May 2013 |
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Manama: (BNA)-- The Bahrain-based Arab Banking Corporation's subsidiary, ABC Islamic Bank, yesterday announced a net profit of US$ 3.2 million for the first quarter of this year (2013) compared to US$ 1.6 million last year (2012). Read more
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Sunday, 19 May 2013 |
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(Ahlul Bayt News Agency) - Turkish Deputy Prime Minister Ali Babacan said at the Turkish Participation Banks Union’s annual meeting that it appeared the format of two participation banks would be clearer in a few months. The state-run banks, Ziraat Bank and Halkbank, will establish these two participation banks. Read more
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Sunday, 19 May 2013 |
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It is likely that Islamic finance in Canada will increase in popularity given the number of potential households it could serve. It is also likely that as the regulatory framework for such institutions solidifies, more entrants into the market will help satiate the desire for economies of scale. Read more
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Sunday, 19 May 2013 |
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KUALA LUMPUR: The strength of Islamic finance rests in raising the bar of the industry’s performance in order to achieve the next phase of growth, according to a central banker. Read more
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Friday, 17 May 2013 |
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Turkey has begun to open the doors to giving new banking licenses after the 2001 banking crisis, with no exception for interest-free Islamic banks, called participation banks. Read more
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Wednesday, 15 May 2013 |
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Nouakchott, Mauritania - A new financial institution, Mouamalat Assahiha Bank, has been established in Mauritania to operate exclusively according to the Islamic finance code. Read more
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Wednesday, 15 May 2013 |
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KUALA LUMPUR: RAM Rating Services Bhd has reaffirmed the ratings of Menara ABS Bhd's Sukuk and revises the outlook on Tranche A from negative to stable. Read more
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Tuesday, 14 May 2013 |
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LONDON — If its achievements in the past decade are anything to go by, then the next ten years augurs well for the Islamic Financial Services Board (IFSB), the multilateral prudential and supervisory standard-setting body for the global Islamic financial services industry. Read more
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Tuesday, 14 May 2013 |
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SYDNEY: International Islamic Liquidity Management Corp (IILM) faces a delicate task as it designs its maiden sukuk: it must make the issue attractive enough for investors to buy, but not so attractive that most of them buy to hold. Read more
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Monday, 13 May 2013 |
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Maybank is the major operating entity and financial holding company of the Maybank Group which is engaged in conventional and Islamic banking, insurance, Takaful and investment services, said MARC in a media statement. Read more
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Monday, 13 May 2013 |
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Dubai: The 3rd Annual World Islamic Finance Conference will kick off on Tuesday, bringing together leading experts, bankers, economist and decision makers to tackle different issues related to Islamic Finance. Read more
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Monday, 13 May 2013 |
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KUALA LUMPUR: Takaful Ikhlas Sdn Bhd (TISB) is looking to boost its family takaful business, regarded as a long term saving mechanism, to drive the company's growth and profitability further. Read more
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