Islamic Banking
Malaysia's PM sees tremendous potential in Islamic Finance
Malaysia's PM sees tremendous potential in Islamic Finance
                                                                                                 
                        
                          	Islamic finance could be further developed.
                    
                                        
                    
                HSBC Amanah to complete Malaysian expansion in 2012
                                                                                                 
                        
                          	Three more branches in 2012.
                    
                                        
                    
                Huge growth for Sharia banking in Indonesia
                                                                                                 
                        
                          	Average annual growth has been 40% since 2007.
                    
                                        
                    
                CIMB to push for sukuk deals in Australia
                                                                                                 
                        
                          	CIMB starts Australian operations this week.
                    
                                        
                    
                Islamic finance bill up for approval
                                                                                                 
                        
                          	Hong Kong takes a major step in advancing Islamic financing.
                    
                                        
                    
                Philippines struggles to develop Islamic financing
                                                                                                 
                        
                          	Lacks regulations and talent.
                    
                                        
                    
                Hong Kong Islamic finance bill gears up for 2013
                                                                                                 
                        
                          	Taxation framework for 'sukuk' are under way.
                    
                                        
                    
                DBP selling Al-Amanah Islamic bank
                                                                                                 
                        
                          	The Development Bank of the Philippines has received government approval to sell its 99.88% stake in the Philippines’ only Islamic bank.
                    
                                        
                    
                Are fears of Islamic banking being over regulated overdone?
                                                                                                 
                        
                          	It is better to have a slower growth rate due to relatively restrictive regulations than to suffer a ‘subprime’ crisis.
                    
                                        
                    
                ADB signs deal promoting Islamic banking in Asia
                                                                                                 
                        
                          	The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia.
                    
                                        
                    
                CIMB Niaga’s Shariah unit ups profits
                                                                                                 
                        
                          	The Shariah unit of CIMB Niaga doubled its earnings in the first half as customers placed more funds, pushing upthe value of its assets.
                    
                                        
                    
                HSBC to restructure its Islamic finance business
                                                                                                 
                        
                          	The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.
                    
                                        
                    
                Islamic financing growing stronger in Malaysia
                                                                                                 
                        
                          	Malaysia’s Islamic banks accounted for 24.2% of Malaysia’s total banking industry assets during the first seven months of 2012.
                    
                                        
                    
                ADB, IFSB ink a deal to advance Islamic finance in developing countries
                                                                                                 
                        
                          	Here's what to expect from the agreement.
                    
                                        
                    
                Indonesian sukuk posts longest rally in a year
                                                                                                 
                        
                          	Indonesia’s global sukuk rallied for a fourth month on speculation that a cut in government fuel subsidies will boost demand at auctions in the...
                    
                                        
                    
                Malaysia is runaway global leader in sukuk
                                                                                                 
                        
                          	Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July.
                    
                                        
                    
                Affin to buy 30% Bank Muamalat stake
                                                                                                 
                        
                          	Malaysia's central bank has given Affin Holdings permission to negotiate with DRB-Hicom on Bank Muamalat sale.