Islamic commercial banks are estimated to hold more than $1.3 trillion in assets globally, a sector considered systemically important in countries including Saudi Arabia, Qatar and Malaysia.
KUALA LUMPUR: Bank Islam Malaysia Bhd is aiming to increase financing activities for infrastructure projects as it seeks to boost corporate business contribution from the current 24% to 30% of its revenue.
Yesterday, the bank signed a financing agreement for the construction of a 14MW mini hydroelectric power plant for Kerian Energy Sdn Bhd in Perak.
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