IslamicFinance.de

KFH Malaysia has made a calling for better awareness among customers on the topic of Islamic banking. Customers should know that Islamic bank is an alternative financial approach but also that, in some aspects, it has better value propositions. The Islamic finance industry has been functioning for 30 years already. With over 300 Islamic financial institutions worldwide in 75 countries, it is a fast growing financial branch where 100 largest Islamic banks register an annual asset growth rate of 26.7%.

Read more on: http://www.theborneopost.com/2012/10/27/islamic-banking-provides-better-...

The Malaysian unit of Kuwait Finance House, the Gulf state's top Islamic lender, will cut its bad loans to the industry average within 5 years as it finances stronger names, its chief said on Thursday.

Kuwait Finance House Malaysia said last Friday it has received a USD 300 mn capital injection from its parent, increasing the paid-up capital to USD 500 mn.

Trade Arabia reported on 28 April that the RM 500 mn Sukuk issues is approved by the market regulator.

Bank Islam Malaysia and Kuwait Finance House (Malaysia) are the joint principal advisers, lead arrangers and lead managers for the issue.

Kuwait Finance House shall be the guarantor for the sukuk programme. Malaysian Rating Corp has assigned a long-term rating of AA+(bg) for the issue.

Source: http://www.tradearabia.com/news/newsdetails.asp?Sn=CM&artid=142568