KUALA LUMPUR: CIMB Group has signed a Commodity Murabahah agreement and a foreign exchange forward agreement with London-based European Islamic Investment Bank (EIIB).
The tie-up with EIIB is expected to support Bank Negara’s objective of encouraging Malaysian banks to promote and expand their Islamic banking activities in overseas markets, CIMB Islamic Bank chief executive officer and executive director Badlisyah Abdul Ghani said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!