Islamic Banking
Sri Lanka Islamic finance tops $1b assets but set to stay niche
Sri Lanka Islamic finance tops $1b assets but set to stay niche
Islamic banking accounted for only 1.3% of banking system assets.
CIMB Islamic debuts Lite-i card with fixed 14% rate
For a minimum spend, they can avail a 0% installment plan for a six-month period.
Ant International’s Muslim Pro deal spreads pilgrimage costs over 24 months
Families can pay for flights hotels meals and transport in instalments.
Why new trade routes will benefit Islamic finance
Islamic finance can help financial institutions strengthen their trade, treasury, payments, and settlement flows.
Maybank Islamic launches no-fee credit card with 14% profit rate
The card will launch in October 2026.
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%.
APAC Islamic banking rebound in 2026 set to mask market divides
Growth trajectories will differ across key markets.
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.
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