• OCBC, Tradewinds Sign RM400 Mln Islamic Securities Deal
  Source: Benama- 10-12-2007
  KUALA LUMPUR, Dec 10 (Bernama) -- Tradewinds Plantation Group's first Islamic securities of up to RM400 million will be used to part-finance the acquisition of Kongsi Meriah (M) Sdn Bhd and to refinance its existing bank borrowings.
   

• KFHMB to widen retail franchise reach
  Source: Benama- 10-12-2007
  KUALA LUMPUR: Kuwait Finance House (Malaysia) Bhd (KFHMB) plans to widen its retail franchise reach next year as part of a three-pronged growth strategy, which will include organic and regional expansion.
   

• AmIslamic Bank Confident Of 15 Percent Growth
  Source: Benama- 04-12-2007
   KUALA LUMPUR, Dec 4 (Bernama) -- AmIslamic Bank Bhd is confident of achieving 15 percent growth for personal financing products in the current financial year ending March 2008, its chief executive officer Ahmad Zaini Othman said today.
   

• Bank Islam's Profit Up 288 Percent In First Quarter
  Source: Benama- 03-12-2007
   KUALA LUMPUR, Dec 3 (Bernama) -- Bank Islam Malaysia Bhd has posted a profit before zakat and tax of RM108.43 million for the first quarter ended Sept 30, 2007, up 288 percent from RM27.9 million in the same period last year.
   

• DPM: Malaysia Ready To Work With Hong Kong On Islamic Banking
  Source: Benama- 30-11-2007
   HONG KONG, Nov 30 (Bernama) -- Malaysia is ready to work with international financial hub Hong Kong on Islamic banking, Deputy Prime Minister Datuk Seri Najib Tun Razak said today.
   

• DPM: Malaysia Ready To Work With Hong Kong On Islamic Banking
  Source: Benama- 30-11-2007
   HONG KONG, Nov 30 (Bernama) -- Malaysia is ready to work with international financial hub Hong Kong on Islamic banking, Deputy Prime Minister Datuk Seri Najib Tun Razak said today.
   

• Malaysia To Build On Leading Edge In Islamic Banking
  Source: Benama- 30-11-2007
  HONG KONG, Nov 30 (Bernama) -- Malaysia will build on its leading position as an Islamic banking leader in the wake of an increasing interest by many countries to tap into the wealthy Islamic capital market, Second Finance Minister Tan Sri Nor Mohamed Yakcop said today.
   

• HSBC expects double-digit growth for Islamic banking
  Source: Benama- 28-11-2007
  KUALA LUMPUR: HSBC Bank Malaysia Bhd's Islamic banking business is expected to record double-digit growth to 10% next year, driven by new products and services, managing director Yakub Y. Bobat said.
   

• Al Rajhi Bank Opens Branch In Kota Baharu
  Source: Bernama- 28-11-2007
  KOTA BAHARU, Nov 28 (Bernama) -- Al Rajhi Bank Malaysia has opened its first branch here Wednesday in an effort to widen the current banking technology and narrow the gap between modern banking and basic Islamic values.
   

• Public Mutual Wins 'Most Outstanding Islamic Fund Manager' Award
  Source:Bernama 26-11-2007
   KUALA LUMPUR, Nov 26 (Bernama) -- Public Bank Bhd's wholly-owned subsidiary, Public Mutual Bhd, has won the 'Most Outstanding Islamic Fund Manager' award at the recent Kuala Lumpur Islamic Finance Forum's Islamic Finance Awards 2007.
   

• StanChart says aims to establish Islamic bank by 2008
  Source: Reuters- 13-10-2007
  KUALA LUMPUR, Sept 13 (Reuters) - The Malaysia unit of Asia-focused lender Standard Chartered Bank Plc (STAN.L: Quote, Profile, Research) hopes to apply for an Islamic banking license in the country within a year, it said on Thursday.
   

• DRB-Hicom To Acquire 70 Pct Stake In Bank Muamalat
  Source: Bernama- 10-10-2007
   KUALA LUMPUR, Oct 10 (Bernama) -- DRB-Hicom Bhd has proposed to acquire Bukhary Capital Sdn Bhd's entire 70 percent equity interest in Bank Muamalat Malaysia Bhd.
   

• RHB aims to be among Asean’s top three
  Source: The Edge Daily- 9-10-2007
  KUALA LUMPUR: The RHB banking group yesterday unveiled its strategic transformation programme to streamline operations into four strategic business units (SBU) to propel it to be one of the top three financial services providers in Asean by 2020.
   

• Kuwait Finance House Malaysia gets nod to discuss buying RHB Bank branches
  Source: Thomson Financial- 9-10-2007
  KUALA LUMPUR (Thomson Financial) - Kuwait Finance House (Malaysia) Bhd said Tuesday it has obtained the approval of the Malaysian central bank to commence discussions with RHB Capital Bhd on a proposal to acquire up to 35 branches of RHB Capital's commercial banking unit.
   

• KFH unit gets Terrapin award Money transfer service via SMS
  Source: Bernama- 9-10-2007
  KUALA LUMPUR: Kuwait Finance House's Global Research (KFH Global Research) has been voted the “Best Research in Islamic Finance” by Terrapin, producer of global funds conference series.
   

• Don't Rush To Withdraw As Malaysia Has Excellent Deposit Protection System
  Source: Bernama - 5-10-2007
  KUALA LUMPUR, Oct 5 (Bernama) -- The public should not panic and rush to withdraw their savings in the event of a bank failure as Malaysia has an excellent deposit protection system.
   

• CIMB eyes Thai MOF’s stake in ACL Bank
  Source: The Edge Daily - 4-10-2007
  KUALA LUMPUR: CIMB Group Sdn Bhd is now eyeing the Finance Ministry of Thailand’s (MOF) 30.6% stake in ACL Bank Public Co Ltd after it has been shortlisted by Bangkok Bank Plc in an international bid for a 19.3% stake in ACL Bank.
   

• KFH Unit Gets 'Best Research In Islamic Finance' Award
  Source: Bernama - 3-10-2007
  KUALA LUMPUR, Oct 3 (Bernama) -- Kuwait Finance House's Global Research (KFH Global Research) has been voted the "Best Research in Islamic Finance" by Terrapin, producer of global funds conference series.
   

• IBFIM Bringing Takaful To Europe
  Source: Bernama - 3-10-2007
  KUALA LUMPUR, Oct 3 (Bernama) -- The Islamic Banking and Finance Institute Malaysia (IBFIM) is organising the International Takaful Summit which will be held in London on Nov 1 and 2, 2007.
   

• Malaysia Fast Becoming Model For Islamic Finance In Region
  Source: Bernama- 27-08-2007
  KUALA LUMPUR, Aug 27 (Bernama) -- Malaysia is fast becoming a model for the successful development of an Islamic financial system alongside the well-established conventional banking system in the Asia-Pacific region, a business leader said today.
   

• Jakarta to host conference on Islamic capital markets
  Source: The Edge Daily- 24-08-2007
  DUBAI: An international conference on Islamic capital markets, regulations, products and implementation will be held in Jakarta, Indonesia, from Aug 27 to 29.
   

• BCHB phase 2 transformation
  Source: The Edge Daily- 22-08-2007
  KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd (BCHB) has embarked on the second phase of its transformation following the merger exercise between its subsidiary Bumiputra-Commerce Bank Bhd and Southern Bank Bhd under the CIMB group umbrella.
   

• Malaysia Will Assist Thailand In Islamic Banking
  Source: Bernama - 22-08-2007
  PENANG, Aug 22 (Bernama) -- Malaysia is ready to provide technical assistance in setting up an Islamic bank in Thailand, Datuk Seri Abdullah Ahmad Badawi said today.
   

• INCEIF Hopes To Get More "Donors" For Fisabilillah Fund
  Source: Bernama- 22-08-2007
  KUALA LUMPUR, Aug 22 (Bernama) -- The International Centre for Education in Islamic Finance (INCEIF) hopes to get more "donors" for its Fisabilillah Trust Fund, a fund created to provide financial assistance to selected students to pursue its Certified Islamic Finance Professional (CIFP) programme.
   

• Bank Islam Unveils New Logo To Change Mindset
  Source: Bernama- 21-08-2007
  SHAH ALAM, Aug 21 (Bernama) -- Bank Islam Malaysia Bhd today unveiled its new corporate logo to change the mindset of Malaysians and show that the bank is for everybody and not just Muslims, its managing director Datuk Zukri Samat said today.
   

• Bank Islam To Focus On New Areas To Push Fee-based Income
  Source: Bernama- 21-08-2007
  SHAH ALAM, Aug 21 (Bernama) -- Bank Islam Malaysia Bhd, currently in the process of transformation under under its turnaround plans, wants to concentrate on the new core areas of corporate investment banking and treasury to grow its fee-based income from five percent currently.
   

• RHB Cap gets BNM nod to start KFH talks
  Source: Bernama- 17-08-2007
  KUALA LUMPUR: RHB Capital Bhd has received Bank Negara Malaysia’s nod to start negotiations with Kuwait Finance House (Malaysia) Bhd (KFHMB) for the disposal of RHB Bank Bhd’s branches, assets and liabilities to the latter.
   

• Malaysia, Thailand To Discuss Islamic Banking In Penang
  Source: Bernama- 17-08-2007
  BANGKOK, Aug 17 (Bernama) -- Cooperation in Islamic banking, micro- financing, education and solving the southern Thailand conflict will be discussed when Thai Prime Minister Surayud Chulanont leads a high-powered delegation to Penang next week for the annual consultation with Malaysia.
   

• Malaysia RHB plans bank sale talks with Kuwait Finance House
  Source: Biznewsdb- 16-08-2007
  KUALA LUMPUR, Aug 16 (Reuters) - Malaysia's plans to fashion itself as a global Islamic finance hub took another step to fruition on Thursday, after state-controlled RHB Bank announced it would start talks to sell itself to Kuwait Finance House (KFIN.KW: Quote, Profile , Research).
   

• Al Rajhi to help promote Malaysia My Second Home
  Source: Bernama- 16-08-2007
  PENANG: Al Rajhi Bank (ARB) aims to tap into its customer base of over three million in Saudi Arabia, where its headquarters are located, to help promote the Malaysia My Second Home programme.
   

• Malaysia Controls 70 Pct Of Sukuks Issued Globally
  Source: Bernama- 15-08-2007
  KUALA LUMPUR, Aug 15 (Bernama) -- Malaysia controls 70 percent of the total sukuks or Islamic bonds issued in the world market, Deputy Finance Minister Datuk Dr Awang Adek Hussin said in a statement here today.
   

• Public Mutual sells over RM2.5b of 3 new funds
  Source: The Edge- 14-08-2007
  KUALA LUMPUR: Public Mutual Bhd has sold more than RM2.5 billion worth of units of its Public China Select Fund (PCSF), Public Far-East Property & Resorts Fund (PFEPRF) and Public Islamic Asia Dividend Fund (PIADF).
   

• Malaysia to allow all banks to conduct Islamic banking in foreign currencies
  Source: Thomson Financial - 14-08-2007
  KUALA LUMPUR (Thomson Financial) - Malaysia will ease its rules to allow all banks to conduct Islamic banking business in foreign currencies, the central bank said Tuesday.
   

• FPAM, IBFIM receive RM1.15m to develop IFP certification
  Source: The Edge Daily - 08-08-2007
  KUALA LUMPUR: The Financial Planning Association of Malaysia (FPAM) and the Islamic Banking and Finance Institute Malaysia (IBFIM) have received a grant of RM1.15 million from the Capital Market Development Fund (CMDF) to jointly develop a certification programme for Islamic financial planning (IFP).
   

• HK wants to learn Islamic finance from Malaysia
  Source: The Edge Daily - 07-08-2007
  KUALA LUMPUR: The Hong Kong Special Administrative Region is keen to learn more about Islamic finance, which has a market potential worth “trillions of dollars”, from Malaysia, its financial secretary John Tsang Chun-wah said.
   

• CIMB Islamic tops overall sukuk bookrunner, says IFIS
  Source: Biznewsdb - 02-08-2007
  KUALA LUMPUR: CIMB Islamic Bank Bhd is the world¡¦s overall top bookrunner of sukuk (Islamic bonds), with total sukuk issuance of US$3.15 billion (RM10.9 billion), according to the London-based Islamic Finance Information Service (IFIS).

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