Malaysia

More Mlaysian financial institutions are aggressively mapping out strategies to provide agent banking services.

The Shariah unit of CIMB Niaga doubled its earnings in the first half as customers placed more funds, pushing upthe value of its assets.

The HSBC Group is concentrating more in Malaysia and Saudi Arabia and less in Indonesia in its Islamic finance offering to customers.

Maybank is looking to raise RM2.64 billion to further strengthen the bank's capital base.

Malaysia’s Islamic banks accounted for 24.2% of Malaysia’s total banking industry assets during the first seven months of 2012.

Wong Kim Choong will take over as chief executive officer of United Overseas Bank Malaysia from Chan Kok Seong.

Malaysia accounted for 68 percent of the total global sukuk outstanding and 71 percent market share of the sukuk issued as at end-July.

Public Bank pegged its domestic loan growth for 2013 at 12 percent.

Bank Simpanan Nasional will appoint 5,000 banking agents over the next three years to enhance banking convenience to rural residents.

Malaysia's central bank has given Affin Holdings permission to negotiate with DRB-Hicom on Bank Muamalat sale.

The creation of an Islamic bank is in the pipeline for DRB-Hicom provided it succeeds in paring down its stake in Bank Muamalat Malaysia Bhd to Affin Holdings Bhd.

Ireland’s Electricity Supply Board may become the first large non-financial company from Europe to sell Islamic bonds.

Malaysia's Islamic banks could get a greater role in managing sukuk by penetrating distribution channels to investors in Southeast Asia.

Five of Malaysia’s 10 so called “anchor banking groups” are already doing business in China.

Leading industry players in Islamic finance are requesting a balanced regulation that does not impede its growth or allow for abuse.

Bank Islam Malaysia is eyeing a 30 percent loans growth this year.