Islamic banking

A number of large Indonesian banks are closing their conventional banking operations in the country’s strictly Muslim...

Indonesia launched an Islamic bond on September 2 after ramping up interest for the dollar sukuk for more than a month, making it one...

Abu Dhabi’s First Gulf Bank, the third-largest bank by assets in the United Arab Emirates, will raise 3.5 billion ringgit ($1.07 billion) with Islamic...

Bahrain's Al Salam Bank has launched a listed Shariah-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the...

The 2014 London Sukuk Summit, the 8th summit in the series organised by ICG-Events will be taking place on the June 18 to 19...

Assets held by the Islamic insurance (takaful) sector in Brunei recently have grown significantly while those of conventional types of insurance have been declining,...

Planned sukuk sales in Malaysia for January 2014 are already double those completed in the same month of 2013 as companies seek to raise...

Indonesia's central bank said that the growth of Islamic banking assets will slow in 2014 due to rising pressure from trade deficits and a...

Islamic finance has not taken off yet in Thailand despite the country's only Islamic lender, state-owned Islamic Bank of Thailand, or iBank, is trying...

The Philippine Stock Exchange (PSE) in December 2013 will designate its first Shariah-compliant companies, in a bid to keep Muslim savers' money in the...

Brunei, although it has a small banking market, is still somehow underestimating the potential of Islamic finance as incentives to set up Shariah banking...

New Malaysian standards for Shariah-compliant equities are expected to attract more Islamic investment funds from the Gulf region, said a senior official of the...

Malaysia's largest private healthcare provider KPJ Healthcare Bhd is looking at the possibility of issuing Islamic debt papers and a rights issue to help...

The 9th World Islamic Economic Forum (WIEF) held in London on October 29 to 31 was the first ever such event in the non-Muslim...

Malaysia's largest bank, Maybank, has launched an Islamic asset management unit to cater to growing investor appetite for Shariah-compliant investment products, Reuters reported. The Islamic...

The 9th World Islamic Economic Forum (WIEF), held in London from October 29 to 31 for the first time outside an Islamic country, is...

Indonesia's finance ministry raised 429 billion rupiah ($38.81 million) from new Shariah bonds on October 29, the ministry's debt office said, far below an...

The Malaysian and Saudi Arabian cooperative and Islamic insurance (takaful) markets are the only two that are seeing growth especially in new policies and...