Malaysia

Hor Kwok Wai, James Chong Wai Choy, and Ramon Albert Chelvarajasingam hired from different companies.

In October 2010, KPMG wrote about the new agenda for Islamic finance institutions globally and three months on, we would like to examine how the industry has fared specifically on a number of areas that were discussed.

Loan demand remained robust with higher loan applications, particularly from the household sector.

Atan has 24 years experience in finance and banking industry as well as familiarity to the Malaysian capital market and the exchange business.

The group expects new areas of strong growth from CIMB Thailand and CIMB Singapore as well as transaction banking.

Bank Kerjasama Rakyat registered a 10.8 percent increase in pre-tax profit to US$563 million for the financial year ended Dec 31, 2010 from US$507.8 million the previous year.

China Construction Bank is keen to acquire a stake in Malaysian lender EON Capital Bhd.

Datuk Mohzani Abdul Wahab and Dr Zaha Rina Zahari will share the responsibilities left behind by Lor.

Bank Negara is optimistic the global sukuk issuance this year will surpass US$35 billion recorded in 2007 when it sustained the highest issuance level.

Pre-tax profit for the six months ended December 2010 increased to RM2.97 billion compared to RM2.56 billion in the previous corresponding period ended December 2009.

Hong Leong Bank launched the first-to-market credit card to offer customers real cash.

The lender banks on Lee’s specialisation in business strategy, risk management and performance management.

Maybank Islamic expects a 30 per cent growth in Islamic finacing this year.

Bank Indonesia expects sharia banking assets to grow by 45 percent this year after five banks established sharia business units in 2010.

Malaysia’s central bank preserves sanctity of the country’s Islamic banking as it assures that products and services are operated under a robust sharia framework.

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