Bank Islam first-half net profit increases 14%

Mohd Muazzam says Bank Islam will remain largely retail banking-focused.

KUALA LUMPUR: There are numerous opportunities in the Islamic finance sector not only in Malaysia but in the Western nations, says Bank Islam Malaysia Bhd group chief executive officer Mohd Muazzam Mohamed.

“I’ve come to this conclusion from various interactions I’ve had with people outside of Malaysia who have knocked on our doors, wanting to learn about Islamic finance,” he told reporters after the bank’s financial results briefing yesterday.