Islamic Banking & Finance
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BIMB gets Bank Negara nod to start talks with Tabung Haji
06/11/2013“The negotiations are to be completed on or before Dec 31, 2013,” it said.
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IIFM sets global wakalah investment standard
06/10/2013It is also aimed at minimising the over reliance on the use of the commodity murabaha in the interbank market transactions, he said.
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Lessons in Islamic finance for Korean banking professionals
06/07/2013Banking executives from Korean Federation of Banks recently participated in a training course on Islamic finance in collaboration with Qatar Central Bank
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MAS to inject new life into Islamic finance
06/05/2013The Monetary Authority of Singapore is working on giving another push to the fledgling Islamic finance business
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Growth potential for Islamic finance in Singapore still strong: experts
06/03/2013The momentum is set to continue, leading to more financial centres eyeing a slice of the Islamic financial pie, say experts.
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Exim Bank to grow Islamic business to 30% of total loans
05/31/2013Export-Import Bank of Malaysia Bhd (Exim Bank) intends to grow its Islamic business to 30% in 2015 of its total loans and financing.
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The appeal of Islamic banking
05/31/2013Despite gaining worldwide popularity in recent years, Islamic banking still faces considerable challenges in raising profitability.
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Can Turkey rival M'sia as world's top sukuk issuer?
05/30/2013"Islamic finance is just like halal food, there may be two reasons to choose it," said Mustafa Cetin, head of financial institutions at the Turkish arm of Bahrain-based Islamic lender Al Baraka.
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Insights into Islamic Investment Management from a Charterholder in Jordan
05/30/2013How has the market for Islamic investment management grown relative to that of conventional investment management?
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Gatehouse Bank Eyes Three Principal Banking Licences In Malaysia
05/29/2013The bank which opened its first representative office outside of London in Kuala Lumpur today, is exploring licences in universal banking, investment banking and wealth management.
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Indonesian Government to Establish New Shariah Bank
05/20/2013Indonesia’s Shariah-compliant banks controlled a total of Rp 214.5 trillion in the first quarter of 2013
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Pakistan regulator sets up sharia advisory board
05/10/2013Previously, many countries left sharia boards in individual Islamic banks and financial firms to decide whether their products and activities obeyed religious principles.
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Pilgrim Funds Give Indonesia Banks Booster Shot: Islamic Finance
05/03/2013Deposits set aside by those planning a Hajj visit to Mecca in Saudi Arabia will be shifted by the Ministry of Religious Affairs from non-Islamic banks within a year of announcing the policy.
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DIB eyes acquisitions in Asian markets
05/03/2013It has dealt with much of its balance sheet weakness and should see profits
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Takaful Malaysia reports stellar results for 2012 from robust sales
05/01/2013The improved profit and revenue were largely attributable to higher sales generated by the family
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Government eyes Islamic finance growth opportunity
04/17/2013Ripoll said the growth would benefit not only the Australian Muslim community, but the financial services industry as a whole.
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Singapore Defends Expiry Of Islamic Finance Tax Breaks
04/09/2013He confirmed that, despite the lapsing of two tax incentives for Islamic finance introduced in the 2008 Budget, which, like all Singapore's tax incentives, have a fixed tenure – in this case, of five years, Islamic finance activities will conti
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Maybank Singapore Islamic banking offers financing for properties in Malaysia04/05/2013The two new products bring to 11 the number of Shariah compliant products available to Maybank Singapore customers.
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Saudi quits Islamic finance corporation
04/05/2013IILM did not give a reason for Saudi Arabia's exit. The central banks of Qatar and Malaysia bought out Saudi Arabia's share.
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Malaysia: Takaful insurers to separate life, general insurance businesses
04/02/2013Takaful insurers are expected to surrender their composite licenses under the Financial Services Act and the Islamic Financial Services Act, which is expected to come into effect by mid-2013.
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