MIDF may become an Islamic financial institution


The MIDF Group, which is the investment banking and asset-management arm of Permodalan Nasional Bhd (PNB), could be converted into a full-fledged Islamic financial institution and make its way back to the stock exchange after being taken private a decade ago.

PNB group chairman Tan Sri Abdul Wahid Omar says these are possibilities as part of the state-owned, fund-management company’s efforts to support the promotion of Islamic finance services in the country.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
midf , PNB ,

Next In Business News

Government to explore privatisation of two highway projects
Puncak Niaga’s Rozali to step down as executive chairman
ARKA to dispose 40% interest in Enfrasys Solutions for RM43mil
Ringgit closed mostly higher against major currencies, slightly lower versus US dollar
Hong Seng to recoup RM63.6mil debt with 184 Kajang apartments
Teraju introduces new fund to accelerate scaling of Bumiputera companies in Sabah
Crescendo disposes of Johor land for RM347mil
MCE to acquire 50% stake in FP Project for RM1.9mil
MTT Shipping and Logistics IPO oversubscribed 2.7 times ahead of Main Market listing
FBM KLCI slips on profit-taking amid ceasefire uncertainty

Others Also Read