CEO of Bank Muamalat, Dato Haji Mohd Redza Shah Abdul Wahid, said : "The MoU is a start for Bank Muamalat Malaysia Berhad
and BLME to work towards the research and development of a viable business model to offer private banking services in Malaysia, focussing on offering products and solutions to domestic and cross-border clients in Malaysia.
Following the announcement RAM Ratings lifted the developing Rating Watch on Malaysia Building Society Berhad (MBSB) and Bank Muamalat Malaysia Berhad
and has reinstated the stable outlook on their ratings.
MARC has affirmed financial institution (FI) ratings of A/MARC-1 to Bank Muamalat Malaysia Berhad
(Bank Muamalat) and concurrently affirmed the AIS rating on the Islamic Senior Notes Programme (Senior Sukuk) of up to MYR 2.
Bank Muamalat Malaysia Berhad
has named Tan Sri Dr Mohd Munir Abdul Majid as its new chairman effective June 3, 2008, replacing outgoing chairman Datuk Seri Ismail Shahudin.
Bank of London and The Middle East plc (BLME) announced today that it has signed a Memorandum of Understanding (MoU) with Bank Muamalat Malaysia Berhad