The statement came after the Business Times reported citing unnamed sources that state investment arm Khazanah Nasional was set to start talks to sell its 30 percent stake in Bank Muamalat to financial group BIMB
Holdins, which could merge the sharia lender with Bank Islam.
This study will investigate to what extent BIMB
Eastern Region, in the state of Terengganu and Kelantan are endeavoring the concept of Organizational Learning.
Byline: Following an earlier announcement by BIMB
Holdings Berhad BHB ("Bank
Bank Islam has sent out letters of invitation to its major shareholders including Kuala Lumpur-listed BIMB
Holdings and Dubai Islamic Investment Group to participate in the cash call, Bank Islam managing director Zukri Samat was quoted as saying.
is the first Islamic bank in Malaysia succeeding in recording 40,000 Islamic card holders so far and hopes to increase the number by 20,000 by the end of 2004.
), a government-owned financial institution, to assist small and midsize industries, BIMB
Chairman Abdul Rahman Arshad said.
The GICs were issued so that the BIMB
could comply with the liquidity requirement imposed by the BNM on banks because the bank, being Islamic, cannot purchase or trade in interest-bearing securities such as Malaysian Government Securities and Malaysian Treasury Bills.
Holdings Bhd group chief executive Zukri Samat has suggested that more mergers in the Islamic banking sector would be beneficial.
Securities Research declared that it has reconfirmed its Buy call for Sunway Construction (SunCon) and invested the target price from RM 1.
Abdul Halim also helped to set up BIMB
Securities, the first Islamic stockbroking company in Malaysia.
The stake was sold at the end of last year to BIMB
Holdings and the sources said the money from the divestment has now been delivered to those banks who held security against the asset.
Dubai: Dubai Group, a diversified financial services company, announced Thursday that its subsidiary Dubai Financial Group LLC (DFG), has signed an agreement with BIMB
Holdings, concerning the sale of DFG's 30.