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Malaysia has 16 fully-fledged Islamic banks including five foreign ones, with total Islamic bank assets of US$168.4 billion, which accounts for 25% of the Malaysia's total banking assets. [2] This in turn accounts for over 10% of the world's total Islamic banking assets.
Maybank's Islamic banking arm, Maybank Islamic, is the largest Islamic bank in ASEAN and Malaysia in terms of assets, and was named 2020’s Global Islamic Bank of the Year by The Banker. [ 6 ] Maybank's network spans across all 10 ASEAN nations as well as key Asian countries and global financial centres, with a network of 2,600 retail banking ...
But interest in Maybank’s Islamic financing services took off in the years following the Asian Financial Crisis of 1997–98, and then again after the Global Financial Crisis of 2007–08.
MCB Bank was incorporated as Muslim Commercial Bank in July 1947, shortly before the Partition of India, under the encouragement of Muhammad Ali Jinnah. [2] The founders, Adamjee Haji Dawood and M. A. Ispahani, were joined by directors from major Muslim commercial and industrial families, including the Ispahani, Adamjee, Dada, Arag, and Amin Jute families. [2]
The Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) is an affiliate of the Organization of Islamic Cooperation (OIC) and represents the private sector of 57 member countries. [1] It is headquartered in Karachi, Pakistan. ICCIA was founded in 1978 and its key objective is to promote the role of the private sector in economic ...
The Group trades under a number of brands, including AmBank, AmInvestment Bank, AmInvest, AmBank Islamic, AmGeneral Insurance and AmMetLife. AmBank, its key brand, covers its retail and wholesale banking businesses and is supported by a network of 175 branches and 766 ATM machines in Malaysia (as stated on its website).
The Malaysia International Islamic Financial Centre (MIFC) is an initiative of Malaysia’s financial market regulators and relevant government agencies dedicated to developing Malaysia’s Islamic finance market by engaging with industry and government. [1] The initiative was launched in 2006 [2] and is based in Kuala Lumpur, Malaysia.
Al-Madinah International University offers taught courses and research programs. There are six faculties: Islamic Sciences, Engineering, Finance & Administrative Sciences, Computer & Information Technology, Education, and Languages. Academic programs are designed by scholars with extensive academic and work experience.