BCB making re-entry into Islamic banking


  • Business
  • Wednesday, 10 Dec 2003

BUMIPUTRA-COMMERCE Bank Bhd (BCB) is actively making a re-entry into Islamic banking, following the sale of its stake in Bank Muamalat, either through the conventional Islamic banking window or a new Islamic banking licence. 

Banking sources told StarBiz that BCB was waiting for the sale of its Bank Muamalat stake to be completed before deciding on the step to be taken. Among the other anchor banks, RHB Bank recently announced that it had applied for an Islamic banking licence.  

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

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM

Others Also Read