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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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