KUALA LUMPUR: The proposed merger between CIMB Group Holdings Bhd, RHB Capital Bhd and Malaysia Building Society Bhd is set to transform the finance industry as it would create a mega Islamic bank, CIMB group chief executive officer Datuk Seri Nazir Razak said.
He said the Islamic finance industry needed time to reflect where it is heading to as there is too much obsession on non-riba or non-interest issue and more focus should be given on syariah principles, instead of interests issue.
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!