INDONESIA - BANKING - Islamic Commercial Banking in Indonesia and Malaysia

www.livetradingnews.com - CIMB Islamic, HSBC Amanah and OCBC Al-Amin said the biggest challenge to the growth of Islamic commercial banking is a lack of awareness and the need to explain the advantages of Shariah-compliant financing from an economic perspective.
Islamic trade financing isn’t competitive, Mohamad Nedal, former secretary-general of the Accounting & Auditing Organization for Islamic Financial Institutions in Bahrain, said in an interview last year.
“Having a multinational corporation convert to Islamic financing would need a majority of management to believe in Islam,” said Fares Mourad, head of Islamic finance at Bank Sarasin & CIE, the Swiss wealth manager controlled by Rabobank Groep, said. (source)

INDONESIA - VIDEO - OCBC Al-Amin Bank CEO Says `Excited' About Indonesia (Video)

Syed Abdull Aziz Jailani Syed Kechik, chief executive officer of OCBC Al-Amin Bank Bhd, talks about growth strategy in Southeast Asia and the outlook for the bank's Islamic finance business.

Syed Abdull Aziz Jailani spoke Nov. 24 with Bloomberg Television's Haslinda Amin. (Source: Bloomberg)

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SINGAPORE - Sabana REIT, Khazanah sukuk to jumpstart Singapore sharia finance

SINGAPORE - More Singapore companies are keen to raise Islamic financing after a landmark sharia REIT and local currency sukuk from Malaysia's Khazanah Nasional stirred the city-state's interest in wholesale Islamic banking, OCBC Al-Amin said on Thursday. (source)

SINGAPORE - OCBC expanding Islamic banking arm

OCBC is set to grow its Islamic banking business at a gradual but steady pace, as demand for syariah-compliant financing rises among retail and corporate customers.

OCBC Al-Amin, the bank's Malaysia-based Islamic banking unit, saw loans grow by 16 per cent last year, chief executive Syed Abdull Aziz Syed Kechik told The Straits Times. (source)