Bank Islam's 3Q Net Profit Drops To RM130.437 Mln Amid Rising Operating Costs

KUALA LUMPUR, Nov 29 (Bernama) -- Bank Islam Malaysia Bhd’s (BIMB) net profit for the third quarter ended Sept 30, 2024 (3Q FY2024) decreased to RM130.437 million from RM140.541 million in the same period last year.

Bank Islam Offers Financial Assistance To Flood Victims

KUALA LUMPUR, Nov 28 (Bernama) -- Bank Islam Malaysia Bhd has announced the recommencement of the Prihatin Programme for Flood to support eligible financing customers affected by recent floods.

Planworth Strengthens Brand, Competitiveness Through 2TM Platform

By Nurul Jannah Kamaruddin

KUALA LUMPUR, Nov 22 (Bernama) -- Planworth Global Factoring Sdn Bhd, a provider of invoice and supply chain financing, is set to strengthen its brand and competitiveness by joining the MADANI Two-Year Programme (2TM) starting today.

Bank Islam Launches New Digital Banking Platforms

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Islam Malaysia Bhd has introduced new digital banking platforms, BIMB Mobile banking app and BIMB Web.

Bank Rakyat Issues Inaugural RM500 Mln ASEAN Sustainability SRI Sukuk

KUALA LUMPUR, Nov 21 (Bernama) -- Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), via Imtiaz Sukuk II Bhd, has issued its maiden RM500 million ASEAN Sustainability SRI (Sustainable and Responsible Investment) Sukuk.

Bank Islam, PMB Investment Forge Strategic Alliance To Expand Shariah-Compliant Investment Opportunities

KUALA LUMPUR, Nov 12 (Bernama) -- PMB Investment Bhd and Bank Islam Malaysia Bhd (BIMB) have signed a memorandum of understanding (MoU) to establish a strategic collaboration aimed at expanding Shariah-compliant investment opportunities.

IILM Reissues Its Largest Year-To-Date Short-Term Ṣukuk Of US$1.31 Bln

KUALA LUMPUR, Nov 5 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.31 billion (US1=RM4.34) short-term sukuk with tenors of one month, three months, and six months.

Abdul Halim Ismail, Pioneer Of Islamic Finance In Malaysia - Bank Islam CEO

The Father Of Malaysian Islamic Banking, Abdul Halim Ismail Passes Away

KUALA LUMPUR, Oct 20 (Bernama) -- The Father of Malaysian Islamic Banking, Datuk Dr Abdul Halim Ismail, passed away at the age of 85 this morning.

Banking Industry Views Budget 2025 As Positive Step Towards Sustainable, Inclusive Economy

By Karina Imran

KUALA LUMPUR, Oct 18 (Bernama) -- Financial institutions viewed Budget 2025 as a positive step towards achieving a sustainable, inclusive economy while maintaining fiscal responsibility and social justice. 

Banking System Continues To Be Strong, Well-positioned To Weather Shocks -- HLIB

KUALA LUMPUR, Oct 4 (Bernama) -- Malaysia’s banking system is strong, well-positioned to weather shocks and supportive of financial intermediation activities, and continues to be backed by healthy capital and liquidity buffers, said Hong Leong Investment Bank (HLIB).

Bank Islam Launches Second Tranche Of Sukuk Wakalah Amounting To RM250 Mln

KUALA LUMPUR, Oct 2 (Bernama) -- Bank Islam Malaysia Bhd has launched its second tranche of additional Tier-1 capital sukuk wakalah from its RM5.0 billion Sukuk Wakalah Programme amounting to RM250 million Perpetual Non-Call five years.