Islamic banking

Maybank Q2 net profit up 3.9% on higher investment, trading income

The Malaysian lender declares a first interim full cash dividend of 30 sen per share, up from 29 sen per share for previous corresponding period

Instead of needing to commit upwards of US$200,000 – the typical entry point for conventional sukuk – an e-hailing driver or a university student could buy a stake in a government-backed sukuk with as little as RM100, thanks to tokenisation.

Malaysia set to lead push into tokenised sukuk, disrupting Islamic finance

The move could bring what has long been the preserve of institutions and ultra-wealthy investors within the reach of ordinary Malaysians

Dr Melvin Heng, Thomson Medical’s group chief executive and executive director, says that the facility provides greater flexibility in managing capital structure.

Thomson Medical secures S$225 million Islamic revolving credit facility

It can be converted into a sustainability-linked one within 12 months

Once a niche alternative financial choice, Islamic banking is rapidly gaining traction in today’s world.

StanChart steps up as Asean’s gateway to the Gulf as Islamic finance matures 

Malaysia’s Asean chairmanship is an opportunity for the bank to develop its Asean-Gulf Cooperation Council corridor, says coverage chief Chow Wan Thonh

The potential acquisition of a 15 per cent stake in Bank Syariah Indonesia from Bank Rakyat Indonesia  is one of the options that Abu Dhabi Islamic Bank (top) is considering.

Abu Dhabi's largest Islamic bank in talks to buy US$1.1 billion stake in Indonesian lender

Abu Dhabi’s largest Islamic bank is in talks to buy a minority stake valued at around US$1.1 billion in Indonesia’s top Islamic lender, Bank Syariah Indonesia, sources said, with an aim to tap into a ...

Maybank Singapore is the sole financier of the deal, with Maybank Investment Bank acting as the sustainability structuring adviser.

Maybank Singapore extends US$100 million sustainability-linked Islamic facility to AET

AET, the Singapore-headquartered owner and operator of maritime transportation assets and specialised services, has taken out a US$100 million sustainability-linked Islamic revolving credit facility f...

Family ties and a mature ecosystem are key factors that make Singapore attractive to investors choosing an offshore destination for Islamic wealth.

Singapore poised to become offshore Islamic wealth hub in next five years: panel

SINGAPORE is well-poised to become a global hub for offshore Islamic wealth within the next five years, with increasing investment interest in Islamic finance products and services, said industry play...

Malaysia’s favourable regulatory and business environment have bolstered the development of the country's Islamic fintech sector, say analysts.

Malaysia’s Islamic fintech sector on the rise, set to hit US$12 billion by 2026

[KUALA LUMPUR] The chief executive of Malaysia Digital Economy Corporation – a government agency spearheading the economy’s digital transformation – is bullish about the future of the Islamic fintech ...

A green sukuk is an Islamic bond, whose proceeds are used to fund investments in renewable energy and other environmental projects, like solar parks.

BT Explains: What are green sukuk investments?

As the world steps up its efforts towards achieving net-zero, so has the demand for investment to fund environmentally friendly projects – and green sukuk, or Islamic bonds, is tipped to play a key ro...

Growth of the Islamic financing industry in South-east Asia is mainly led by Malaysia and Indonesia, amid supportive regulatory environments and strong government support.
REGIONAL PERSPECTIVES

Islamic banking to continue seeing growth in South-east Asia

DEMAND for Islamic banking is on an upward trend globally, particularly in South-east Asia – one of the largest markets for Islamic financial services – amid a global increase in awareness of environm...