Association of Islamic Banking Institutions Malaysia

GIFF 2014
ABC Islamic Bank announces 25% increase in half-year profit to $7.5m
Wednesday, 30 July 2014
ABC Islamic Bank announced that its net profit for the first half of 2014 was US$7.5 million, 25% higher than the profit of US$6.0 million reported in the first half of 2013. Total operating income rose to US$10.7 million, compared to US$8.3 million for the first half of last year. Operating expenses increased to US$3.1 million compared to US$2.2 million for the same period of last year. Read more
Bank Islam wins global recognition
Wednesday, 30 July 2014
KUALA LUMPUR: Bank Islam Malaysia Bhd has received International Banker Awards recognition in three categories — Best Chief Executive Officer (CEO), Customer Service and Islamic Banking. Read more
Islamic financing to overtake conventional banking in Kuwait
Tuesday, 29 July 2014
An increasing number of Kuwaiti lenders are moving away from traditional banking in a bid to tap into a booming market for Sharia-compliant financial products in the region -- a move that could soon see Islamic financing overtake conventional banking in the Gulf state. Read more
Kenya's KCB to offer Islamic banking in all its branches
Tuesday, 29 July 2014
(Reuters) - Kenya's KCB Bank, the country's largest lender by assets, plans to offer Islamic banking products through its entire branch network, accelerating the expansion of sharia-compliant banking in east Africa's biggest economy. Read more
Philippine Islamic bank eyes new life after years of struggle
Tuesday, 29 July 2014
(Reuters) - A peace plan, a lifting of foreign ownership limits and the drafting of new Islamic banking rules in the Philippines could help breathe new life into one of the world's oldest Islamic finance institutions. Read more
Making Pakistan a centre of excellence for Islamic finance
Tuesday, 29 July 2014
Before the financial crisis ensued in 2007, there was an explosion of interest from a number of countries in becoming hubs for Islamic finance. These countries included Malaysia, Singapore and Hong Kong in the East; United Kingdom, France, Italy, Luxembourg and Ireland in the West; and Bahrain, Qatar and the UAE in the Middle East. Read more
Prominence Of Sukuk In Turkey As An Islamic Finance Instrument
Wednesday, 23 July 2014
Turkey's first regulation for Islamic Finance was realized during the 1980s, during a period of liberalization as part of a plan to attract foreign direct investments. Interest free banking was introduced with the legalization of "special finance houses" which did not possess bank status and therefore did not benefit from banks' privileges. Read more
Bank Nizwa awarded at London sukuk summit
Tuesday, 22 July 2014
Muscat - Dr Jamil El Jaroudi, chief executive officer of Bank Nizwa , accepted another prestigious award on behalf of the bank at the recent London Sukuk Summit Awards ceremony held under the patronage of The Rt Honourable Baroness Warsi, senior UK government minister and head of the Islamic Finance Task Force. Read more
Tamkeen and BMI Bank sign extension to finance scheme Tamkeen and BMI Bank, a subsidiary of Al Salam
Tuesday, 22 July 2014
Tamkeen and BMI Bank, a subsidiary of Al Salam Bank – Bahrain, today announced an extension to their successful alliance providing Shari’ah-compliant financing for enterprises within the local private sector to fulfill their financial needs at a competitive cost. Read more
INCEIF issues rebuttal to online allegations
Tuesday, 22 July 2014
INCEIF – the Global University of Islamic Finance has issued a point-by-point rebuttal of claims made online regarding the experience and origins of its staff. In a public notice posted on INCEIF’s website on 16 July, INCEIF said it wished ‘to respond to the following allegations that are baseless and incorrect as follows…’ Read more
Islamic finance body IILM re-issues $890 mln sukuk
Sunday, 20 July 2014
(Reuters) - Malaysia-based International Islamic Liquidity Management Corp (IILM) has reissued $860 million of its three-month Islamic bond, the organisation said on Thursday. Read more
Malaysia’s Bank Islam revises base financing rate to 6.85 per cent
Sunday, 20 July 2014
Bank Islam Malaysia Bhd, the country’s largest Islamic bank has raised its base financing rate (BFR) by 0.25 per cent to 6.85 per cent with effect from Friday. Read more
New era of Islamic banking in the offing
Sunday, 20 July 2014
A PROPOSED three-way merger in Malaysia will create the world’s first Islamic bank that will have enough clout to challenge the dominance of conventional, often Western, banks in the industry and influence the way Islamic finance deals are made. Read more
IFAAS brings ‘Fundamentals of Islamic Banking and Finance’ executive training programme to Istanbul
Sunday, 20 July 2014
IFAAS announced today the dates for its best-in-class executive training programme:  The Fundamentals of Islamic Banking and Finance, Istanbul, September 15-19, which will be delivered in Arabic and English simultaneously (in 2 parallel cohorts). Read more
Dubai Chamber report highlights growing popularity of Islamic finance over conventional sector
Sunday, 20 July 2014
A report by the Dubai Chamber of Commerce and Industry based on a recent study by Ernst and Young stated that global Islamic banking assets have registered cumulative annual growth rate of about 16 per cent during the period 2008-2012, reflecting the radical shift from conventional financial system in favour of Islamic finance. Read more
Kuwait's CBK faces hurdles as it converts to Islamic bank
Sunday, 20 July 2014
Commercial Bank of Kuwait ( CBK ) was granted permission by the Central Bank of Kuwait to issue KWD 120 million (USD 425 million) in Basel III-compliant bonds, which could complicate the process of CBK converting into an Islamic bank. Read more

Currency Converter




Portal Menu

Prayer Times (Kuala Lumpur)

Subuh 05:52 AM
Syuruk 07:11 AM
Zohor 01:22 PM
Asar 04:43 PM
Maghrib 07:30 PM
Isyak 08:42 PM
Not in Kuala Lumpur?
Click here to view your solat time

AIBIM Members

Upcoming Events

No events

Quick Links

duit-saku-logo-e.jpg lfx-logo-e.jpg
cbureau.jpg fide.jpg

Scam Alert

You are here  :Home