SINGAPORE: Maybank Islamic, Asia-Pacific's largest syariah lender, will grow its business in the Asean region and may offer Islamic stockbroking services through Singapore stockbroker Kim Eng, which its parent recently acquired.
Islamic finance is gaining traction in a region where traditionally it has been most popular in Malaysia and Indonesia, said Muzaffar Hisham, Maybank Islamic's chief executive.
Sabana REIT, Singapore's first syariah-compliant real estate investment trust, and Khazanah Nasional's S$1.5 billion (RM3.67 billion) sukuk issue were proof that Islamic finance was gaining ground in Singapore, he said. (source)
Islamic finance is gaining traction in a region where traditionally it has been most popular in Malaysia and Indonesia, said Muzaffar Hisham, Maybank Islamic's chief executive.
Sabana REIT, Singapore's first syariah-compliant real estate investment trust, and Khazanah Nasional's S$1.5 billion (RM3.67 billion) sukuk issue were proof that Islamic finance was gaining ground in Singapore, he said. (source)
