Articles sponsored by:

Islamic Finance

Takaful Ikhlas Wins Two International Awards
02/22/2012
The award from the Islamic Finance News is the forth consecutive recognition since 2008.

AIBIM denies allegation that Islamic banking reaps excessive profit
02/22/2012
Currently, the demand for Islamic banking products are very encouraging as they are competitive and are supported by contractual documents that are transparent, hence elevating the integrity and stability of the Islamic banking system, he said.

Saturna Capital Receives Best Islamic Asset Manager Award
02/17/2012
While Islamic finance is still considered a niche industry, assets under Islamic management are widely estimated to top US$1 trillion worldwide.

RAM bags Best Islamic Ratings award
02/16/2012
This followed a poll conducted in November last year by IFN. The awards ceremony was held in Kuala Lumpur on Wednesday. Read more: RAM bags Best Islamic Ratings award

S&P says global crisis has boosted growth in the sukuk market
02/16/2012
Governments in the Middle East and Asia have therefore turned instead to local investors to back their infrastructure projects.

AMMB Q3 net profit up 9.8%
02/15/2012
The bank said the increase in earnings was underpinned by profit growth across most divisions and on lower provisions.

Malaysia’s Bank Islam in talks to buy Indonesia’s Bank Muamalat-report
02/14/2012
The widely-read newspaper also said the Indonesia’s central bank was keen to see an Islamic bank take up a stake in Bank Muamalat — the country’s oldest Islamic bank.

Sukuk market to see strong growth
02/13/2012
He added that while Malaysia and GCC would continue to dominate, organic growth was also expected to come from markets in Indonesia, Central Asia and Africa.

Bank Islam eyes stake in Indonesian bank
02/13/2012
Bank Islam managing director Datuk Seri Zukri Samat confirmed that the bank was in preliminary talks with an Indonesian Islamic lender but declined to say if it was Bank Muamalat. Read more: Bank Islam eyes stake in Indonesian bank

Malaysia developing into a major islamic bond mkt
02/10/2012
Standard & Poor's maintains a strong outlook for Malaysia's bond market, reflecting positive bond market developments, ongoing growth in Islamic finance, and steady macroeconomic fundamentals in the country.

Pakistan leads in Islamic microfinance
02/07/2012
He said many countries in the world are adapting Islamic microfinance system for poverty alleviation through which not only poverty will be eradicated but also a sustained economy shall come into being in these countries.

Azerbaijan develops Islamic financing
01/26/2012
Islamic financing is one of the fastest growing segments of the global financial services industry worldwide.

Australia to Get First Islamic Index
01/26/2012
The initiative comes ahead of an expected government proposal to change tax guidelines to help open up the local market for Islamic investment products, though there remains some concern about the market’s growth potential.

JV Islamic asset manager establishes three Islamic funds to attract global investors
01/17/2012
The newly established CIMB-Principal Islamic Asset Management (Ireland) Public Limited is the first Malaysian-based international Islamic funds platform domiciled in Dublin. It will act as an investment manager of a Dublin-based Undertakings for Collectiv

Bank says global sukuk issuance to grow to US$44bil this year
01/17/2012
It also said governments and government-related entities were likely to account for 50 per cent while the finance and corporate sectors 25 per cent each.

A.M. Best Releases Updated Criteria Report on Rating Takaful Insurance Companies
01/17/2012
The updated criteria report takes into consideration the changes reflective in the Takaful market, particularly regarding the increasing development of the regulatory framework within certain countries and the key issues relating to Takaful operating stru

CIMA to offer certification in Islamic Finance
01/16/2012
In an interview to Daily Times, she said that the qualification is one of the kinds, which will provide complete learning of all advanced tools of Sharia based financial system for all businesses particularly banking and insurance.

HSBC Amanah To Issue Innovative Sukuk For Retail Investors
01/11/2012
Rafe said Malaysia made up 60 per cent of the total global sukuk issuance last year but the Syariah bonds were subscribed mostly by institutional investors.

Islamic Banking And Finance To Keep Expanding Next Year
12/30/2011
Despite the global financial crisis, Islamic banking and finance is expected to continue expanding next year, with Malaysia-based players ready to lead the pack regionally and internationally.

CIMB Niaga Pumps $11 Million Into Shariah Unit
12/30/2011
“The capital injection for CIMB Niaga Syariah was part of CIMB Niaga’s commitment to help boost its Shariah business, in terms of financing, as well as maintaining a strong capital adequacy ratio level,” said Ferdy Sutrisno, the director