The Bank which structured its first Shariah-compliant hotel financing deal in Singapore last year also won the in the category for Best Islamic Deal, Singapore award, it said.
It noted that by total assets, total financing and total funding, including deposits and investment accounts, Maybank Islamic's dominance has translated into a strong set of financial results.
The only exception in the Sharif family as yet is of Shahbaz Sharif and his sons, who are still out of the JIT’s radar. However, the chief minister’s first wife’s financial matters are also under JIT’s scrutiny.
On a larger scale, mega Islamic banks will have huge potential to spread their wings off the Malaysian shores into Indonesia, Cambodia and Singapore to become a regional champion, he said.
Kuwaiti firm’s stock gains 5.9% in biggest advance since April 16 Kuwait’s Noor Financial Investment Co. is weighing the potential sale of its 49 per cent stake in Pakistan’s largest Islamic lender Meezan Bank Ltd., according to people f
A customer buys an easily saleable asset from an Islamic bank at a marked-up price, to be paid at a later date, and quickly sells the asset to raise cash for the purpose of obtaining liquidity.