Islamic Banking

Why new trade routes will benefit Islamic finance

Islamic finance can help financial institutions strengthen their trade, treasury, payments, and settlement flows.

CIMB Islamic to launch no annual fee credit card in October

CIMB Lite-i will have a profit rate of 14% per annum across all tiers.

APAC Islamic finance chases Gulf dominance with 22% share

Malaysia, Iran, and Saudi Arabia account for 72% of assets under the reporting framework.

SME Bank nets $9.9m from zakat entrepreneur programme

The Malaysian lender said that its programme services nearly 1,000 entrepreneurs.

BSN eyes retail and gold to push beyond mortgage-heavy roots

It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.

Islamic lenders hit digital wall on slow rollout

Products don’t evolve quickly due to extra layers of review.

Fingular unveils Shariah-first consumer lending brand in Malaysia

It will provide digital financing solutions structured using Tawarruq.

Indonesia’s Islamic loans to grow 10% but banks capped at 8% market share

Bank Syariah Indonesia (Persero) is likely to remain dominant.

Maybank targets 13%–14% ROE by 2030 under ROAR30 strategy

It aims for a NIM of over 2.05% and a cost-to-income ratio of not more than 47%.

Meezan Bank launches history book on its rise in Karachi

The book is authored by researcher and writer Sibtain Naqvi.

Global Islamic finance assets seen reaching $9.7t by 2029: LSEG

Malaysia remains on top of the Islamic finance development rankings.

ASEAN Islamic finance industry to cross $1t in 2026

Assets are concentrated in Malaysia, Indonesia, and Brunei with limited presence in other markets.

Islamic finance market to be valued at $7.7t in 2033

The global market was $2.5t in 2023, according to Allied Market Research.

Islamic banking gains global appeal

State support, population trends, and ethical investing are spurring the demand.