Maybank Islamic Bhd, the Islamic banking arm of Malayan Banking Bhd (Maybank), aims to expand to all Asean member countries that Maybank has a presence in. According to its CEO Muzaffar Hisham, the bank intends to continue its regional expansion to oth…
Malaysian Rating Corporation (MARC) has affirmed its AAA/MARC-1 financial institution (FI) ratings on Maybank Islamic and AA+IS rating on Maybank Islamic's 1.0 billion ringgit Islamic Subordinated Sukuk (Subordinated Sukuk). The outlook on the ratings …
Singapore’s path to Shari’ah compliant home financing is being chocked by bureaucracy. The Islamic Globe recently noted on the absence of Islamic home financing products despite the Monetary Authority of Singapore having legislated for a range of S…
Maybank Islamic, Asia-Pacific’s largest syariah lender, is going to expand its business in the Asean region and may offer Islamic stockbroking services through Singapore stockbroker Kim Eng, which its parent recently acquired.
The bank’s parent Maybank…
MARC considers Maybank Islamic to be one of the core subsidiaries of Maybank and an integral part of the Group.
Maybank Islamic’s ratings therefore, reflect a very high probability of support from its parent.
Maybank’s ownership in Maybank Islamic,…
Jakarta-based Bank Syariah Mandiri joined Islamic lenders worldwide to use Ramadan to remind Muslims to obey the teachings of the Prophet Muhammad that ban interest. Emirates NBD of Dubai waived payments on personal loans during Ramadan, while Maybank …
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