Bank Islam plans RM1bil capital raising exercise

Zukri: There is a need for capital this year to maintain a healthy risk-weighted capital ratio'.

Bank Islam Malaysia Bhd, the banking arm of BIMB Holdings Bhd, is filling up its war chest in anticipation of a challenging year in the banking industry as well as for a possible acquisition.

The bank, which aims to be Malaysia’s first mega Islamic bank, intends to raise capital via a RM1bil sukuk issuance.