29 May '17, 12am

8 things you need to know about BIMB Holdings before you invest: Today, Islamic banking remains as a key driver of…

Today, Islamic banking remains as a key driver of growth in the local banking industry in Malaysia. Over the past decade, both local and foreign banks have set up Islamic banks to provide a wide range of Shariah-based financial services to local Muslim customers which made up approximately 70% of the population of Malaysia. To name a few, they include OCBC Al-Amin, HSBC Amanah, and Standard Chartered Saadiq. Perhaps, if you’re reading this, you may wonder how Islamic banking differs from conventional banking. For a start, Islamic banking refers to a system of banking that compiles with Shariah law. It adopts principles that cultivates entrepreneurship, trade, and commerce which, in general, add value to society. Thus, several financial activities such as usury, gambling, and speculative trading are strictly prohibited in Islamic banking. In this article, I’ll write about B...

Full article: http://thefinance.sg/2017/05/29/8-things-you-need-to-know...

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