Malaysia

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The Association of Islamic Banking Institutions Malaysia expects the upcoming Budget 2013 to give special emphasis on consumers.

Bank Muamalat's increased its by net profit 41.6 per cent to RM45.2 million for the first quarter ended June

DRB-HICOM Bhd will not divest all its stake in Bank Muamalat Malaysia Bhd to Affin Holdings Bhd.

The Malaysian banking sector will sustain growth momentum in the second half of the year with a healthy loan pipeline, especially business loans, according to HwangDBS Vickers Research.

Malaysia accounts for US$165.2 billion or 60% of worldwide sukuk deals. Sukuk is the Islamic equivalent of bonds.

Financial reforms in Malaysia will give Islamic banks more opportunities in the rural areas.

The merger between OSK Holdings Bhd's investment banking arm and RHB Capital Bhd is expected to be completed by the first quarter of 2013.

Maybank's profits rose by 21.2 percent to 2.7 billion Malaysian ringgit or US$862 million in the first half from the same period last year.

Malaysia still leads in Islamic finance trailed by Singapore, which is striving to create more business in the sector.

Alliance Financial Group is pushing for more more business in the consumer and SME sector.

Malaysia's central bank has given the green light for Affin to commence negotiations for a possible acquisition of equity interests in Bank Muamalat.

Malaysia Debt Ventures Bhd plans to develop three innovative financing products for technology SMEs by year-end.

Driven by growing loans and wealth management services Maybank beat expectations with a 25 percent rise in second-quarter net profit of RM1.44 billion.

Maybank expects its growth pattern to be in tandem along with the countries it operates in.

Thanks to the strong growth at CIMB Niaga and CIMB Singapore and outperformance at Corporate Banking and Treasury Markets.