MBSB eyeing KFH Malaysia in bid to become full-fledged Islamic bank

PETALING JAYA: Malaysia Building Society Bhd (MBSB), which aims to become a full-fledged Islamic bank, is said to be looking at Kuwait Finance House (M) Bhd (KFH Malaysia) as an option for a merger exercise, sources say.

According to banking sources, MBSB and its major shareholder, the Employees Provident Fund (EPF), are looking at the foreign Islamic bank from “afar” and currently studying its numbers.