Malaysia
What role do Islamic Financial Institutes have in the Finance world of tomorrow?
The Issue of Choice In February 2011, KPMG last wrote about the issues regarding the infrastructure and regulation of Islamic banking in Malaysia. In continuing this series on this topic, we will move on to examine Islamic banking’s challenges in differentiating itself from conventional banking in the already crowded market and where the opportunities exist in Malaysia for it to become a truly innovative market leader in certain sectors. Islamic finance at its heart offers a system of finance for both individuals and companies that are based on principles of Shariah law.
What role do Islamic Financial Institutes have in the Finance world of tomorrow?
The Issue of Choice In February 2011, KPMG last wrote about the issues regarding the infrastructure and regulation of Islamic banking in Malaysia. In continuing this series on this topic, we will move on to examine Islamic banking’s challenges in differentiating itself from conventional banking in the already crowded market and where the opportunities exist in Malaysia for it to become a truly innovative market leader in certain sectors. Islamic finance at its heart offers a system of finance for both individuals and companies that are based on principles of Shariah law.
OSK-UOB starts offering new capital-protected fund
The fund, designed to provide a safe haven and act as a hedge against inflation, will be marketed starting August 11 at initial minimum investment of $329.76.
Malaysian banks stable for the next 12 - 18 months
This is assuming that inflation is maintained around the 3% level.
RHB may eye merger with AMMB
RHB Capital Bhd may revisit a potential merger with AMMB Holdings Bhd after failed deals with CIMB and Maybank.
Maybank pulls out of RHB bid
Maybank pulled out of negotiations for the purchase of RHB Capital because of the prohibitive price.
Malaysian banks stable in the next 12-18 months
Moody’s says GDP growth of 5% - 6% will help support the banking sector’s sustainability in earnings.
Maybank subsidiary takes over 90% of Kim Eng
Mayban IB Holdings can exercise its right of compulsory acquisition of all Kim Eng Shares at US$2.51 per share.
Hong Leong Bank re-organises its management roster
The new line-up to prepare the lender to take advantage on growth opportunities in the country and region.
CIMB: Merger with RHB must be ‘value creating’
CIMB plans to have talks with Aabar Investments regarding the merger.
Malaysian central bank grants Islamic banking licence to Bahrain bank
The lender’s Malaysian presence in Malaysia will foster the financial linkages between Kuala Lumpur and Banrain and to develop the Islamic financial system in the country.
Malaysia targets $2bn global sukuk offering
HSBC, CIMB, Maybank, and Citibank to lead sukuk issue as Malaysia plans to repeat roadshows conducted in Asia, the Middle East and Europe.
VietinBank to lend 80 trillion dong to prioritised sectors
VietinBank launched programmes in line with the socio-economic development orientation of the government and the State Bank of Vietnam to support agriculture, rural development and export activities, the bank's representative said.
Maybank targets RHB takeover proposal by end of June
Maybank will only proceed with the purchase if it adds to earnings to be used to compete with Chinese banks’ entrance in Malaysia.
RHB Launches E-Dividend Service For Corporate Clients
RHB Bank has launched the e-Dividend service through its Reflex Online Cash Management for corporate clients.
OSK Research: CIMB lukewarm over RHB merger
CIMB is said to be "lukewarm" towards a merger with RHB.
Maybank and POS Malaysia banking services reach out to Sabah
The partnership also plans to introduce additional services such as money transfer and the opening of savings accounts soon.
RHB ready to deal with CIMB, Maybank
RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.
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