Islamic Banking

Islamic Bank of Asia chief resigns

DBS Islamic arm maintains commitment on bank's growth following CEO Vince Cook's quitting.

Islamic Bank of Asia chief resigns

DBS Islamic arm maintains commitment on bank's growth following CEO Vince Cook's quitting.

HSBC: Affluent customers prefer Shariah banking

HSBC will aim at internationally mobile, affluent Islamic consumers with its Amanah Premier.

More growth in Indonesian Islamic banks seen

More than 80 percent expected growth would depend on effectiveness of regulations like eliminating double taxation.

StanChart Islamic unit aims expansion

Global economic recovery and opening up of some countries for Islamic banking spur StanChart Saadiq’s expansion.

CIMB offers low-risk Shariah investment

CIMB-Principal launched a tax-efficient alternative to traditional deposits, which provides potentially higher returns and allows withdrawal anytime...

Maybank tailor-fits shariah for mid-markets

Maybank Islamic launched a Shariah-compliant trade finance solution tailor-made for middle market and corporate customers involved with commodity...

Maybank Singapore launches new Islamic term deposit

For a minimum placement of S$10,000 or US$6887 for a 12-month tenure, clients can avail of Maybank Singapore's first Islamic term deposit. It has a...

Maybank Islamic targets US$566M in deposits

Maybank Islamic is targeting US$566.7 million in deposits from its launch of two new financial products, within one year. The products are Foreign...

Treasury operations boost Hong Leong Islamic profit by 15%

Hong Leong Islamic Bank posted a net profit after tax of US$15.473 million, up 15 percent year on year.

HSBC Amanah Malaysia expands in Shah Alam

HSBC Amanah Malaysia has expanded branches within six months with the opening of its Shah Alam branch.