:London :Dubai :Kuala Lumpur :New York
Sign in   |   Register


image Introduction to Risk Management in Islamic Banking – Basel II Compliance.
Event date: - 2012-12-07
image 12th Annual Islamic Finance Summit
Event date: - 2013-02-26
image The 3rd PPP MENA Conference
Event date: - 2013-03-17
image Islamic Finance Forum Europe
Event date: - 2013-05-28
  More Events    Add Event


Enter your keyword  

Follow Us

News by Topics

Affin Holdings Bhd and its foreign partner, Hong Kong's The Bank of East Asia Ltd, have announced that they have submitted a proposal to the China Banking Regulation Authority (CBRA) to open China's first Islamic bank.

BEA Chairman and Chief Executive Officer Dr David K.P Li in Kuala Lumpur said in a statement that,"CBRA is currently still studying the regulation and practices of Islamic finance. We hope to be the first Islamic bank in China once the authority has come up with the regulations".

Affin holdings hope that the partnership will allow Affin Bank to make use of over 240 BEA branches worldwide covering Hong Kong, China, North America, the UK and Southeast Asia. BEA is also the single biggest foreign shareholder of Affin with a 23.5 per cent stake.We are confident that this strategic alliance will place both banks in a better position in many Asian markets and enable us to tap an even wider business opportunities," Affin Holdings chairman Tan Sri Mohd Zahidi Zainuddin said.

Early this month, Affin Bank bought Indonesia bank PT Bank Ina Perdana for RM138 million, its first venture outside of Malaysia. It may also offer Islamic finance services in the country which has a population of more than 200 million people.Affin Bank currently owns an Islamic banking subsidiary, Affin Islamic Bank, which started operations in April 2006 and since its inception has significantly seen a rise in demand for Islamic Shariah compliant banking. 

China is a diverse country which could benefit from the introduction of a fully fledged Islamic bank which could help to further promote and boost the Islamic financial sector as many countries are tapping into the lucrative industry which is set to reach over $1.5 trillion US  dollars by 2012. China has some of the oldest roots of Muslim history and has a large population of Muslims living in China. There is much scope for both Muslims and Non Muslims to tap into the highly ethical principles of Shariah compliant Islamic finance.

Share |


starting your own business with B&F Switching to B and f services


image How credit risk is associated with key macroeconom ...
Recently published article by Hamid A.H. Al-Wesabi & Nor Hayati Ahmad from University Utara Malaysia is answering the qu ...
image London can lead world as an Islamic Finance hub ...
Financial Time published the following article from George Osborne (UK chancellor of the exchequer) regarding this week ...
image The world bank will open its first centre on Islam ...
The world bank will open its first centre on Islamic Finance at Borsa Istanbul premises, the exchange market said Monda ...
image Busy November for Islamic Finance ...
Islamic Finance Calendar for November 2013: 1. The 9th World Islamic Economic Forum held in:London Date: MONDAY, NOV 4 ...
image Family Farming: The Key to Alleviating Hunger and ...
After decades of failed attempts to eradicate hunger, development agencies, internation ...

Share |

Company Recomendation of the week
Hyde Park Executive Meetings   
Hyde Park Executive is situated in the West End of London, the area is home to major corporate headquarters, real estate businesses, hedge funds, wealth managers and embassy offices in the neighbourhood of Mayfair, Oxford Street, Park Lane, and Knightsbridge. Our meeting rooms are based on 12th floor and all benefit from having natural daylight – after all nobody wants to be stuck in a windowless box all day.Our service is all about flexibility and this extends to our booking options. It could be a one-hour catch-up in a meeting zone, half-day, 24-hours or an entirely bespoke package. For an informal meeting, you’re welcome to catch-up with a coffee in reception or over lunch in our stunning Dubai room. www.hydeparkexecutive.com

Current issue

''The principle of Islamic Finance is about transparency, ethics and fairness, as well as promotin ...
main cover islamic


Subscribe Digital

  Current Issue     Trial Version     Digital     Archive  

Click to launch the full edition in a new window
Online Publishing from YUDU

Latest Books

image Islamic Branding and Marketing: Creating a Global Islamic Business
Author/Publisher: - Dr. Paul Temporal
image Understanding Islamic Banking: The Value Proposition That Transcends Cultures
Author/Publisher: - Joseph A. DiVanna
image Critical Issues on Islamic Banking and Financial Markets: Islamic Economics, Banking and Finance, Investments, Takaful and Financial Planning
Author/Publisher: - Saiful Azhar Rosly
image Product Development in Islamic Banks (Edinburgh Guides to Islamic Finance)
Author/Publisher: - Habib Ahmed
image Frequently Asked Questions in Islamic Finance (The Wiley Finance Series)
Author/Publisher: - Brian Kettell
  Buy Now      More Books  

QUOTE of the week

 Islamic finance is becoming an integral part of the global finance industry and has taken its roots in almost all of the Muslim countries but has also been under discussion and penetration in selective Western and Far Eastern jurisdictions

Moinuddin Malim, CEO, Mashreq Al Islami

GCB    Business Media Group - the Publisher    B&F Services Ltd.