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Bank Islam Malaysia to conclude restructuring exercise by August | Money


Wednesday, 21 Apr 2021 07:57 PM MYT
A bank staff speaks on the phone inside the Bank Islam branch office in Shah Alam November 13, 2013.   Reuters pic
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KUALA LUMPUR, April 21 Bank Islam Malaysia Bhd (BIMB) is expected to be listed on the main board of Bursa Malaysia in August this year, as part of parent company BIMB Holdings Bhd’s (BHB) conclusion of its conclusion of its restructuring exercise.
BIMB chief executive officer Mohd Muazzam Mohammed said BIMB Holdings applied for restructuring approval in December 2019 but due to the Covid-19 crisis, only received it from Bank Negara Malaysia and the Ministry of Finance in December 2020. ....

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Bank Islam Crowned As Malaysia's Strongest Islamic Retail Bank For 2020


Bank Islam Crowned As Malaysia’s Strongest Islamic Retail Bank For 2020
(Image: The Star)
Bank Islam has been crowned as Malaysia’s Strongest Islamic Retail Bank for 2020 by the Cambridge International Financial Advisory (Cambridge IFA) at the virtual 6
th Islamic Retail Banking Award 2020. This is the second time that the bank has won the award, with the first being in 2015.
The chief executive officer of Bank Islam, Mohd Muazzam Mohammed said that the bank is thankful for the prestigious award as it acknowledges Bank Islam’s strong commitment in delivering its customers’ expectations. It also recognises the bank’s continuous focus in providing comprehensive and innovative shariah-compliant financial and banking solutions. ....

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