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AmIslamic targets 5%-10% asset growth, says CEO

AmIslamic Bank Bhd hopes for 5% to 10% growth in assets this year by introducing more products and services as well as retaining its existing business.

Comments on international currency business

CIMB Group plans to extend its Islamic finance offerings to countries where it already has a presence in, said chief executive officer Datuk Nazir Razak.

AmIslamic Bank boosting presence in niche markets

AmIslamic Bank wants to differentiate itself from the rest of the pack in an increasingly competitive Islamic finance market locally with more innovative offerings and entering niche markets.

New appointments at AmIslamic Bank, CIMB

AmIslamic Bank Bhd has appointed Tun Mohammed Hanif Omar independent non-executive director and Ahmad Zaini Othman chief executive officer.

AmBank to unveil two new Islamic products

THE AmBank group is introducing two new products - cash line and loan structure programmes - to its range of Islamic banking services in the second-half of this year, said AmBank Bhd senior general manager Ahmad Zaini Othman.

AmBank aims 40,000 more Al-Taslif cardholders

AmBank aims to sign up 40,000 more I>Al-Taslif/Icredit cardholders next year in view of positive response received so far, senior general manager, group Islamic banking, Ahmad Zaini Othman said.

Court told that payment ‘was not approved’

Perwaja Terengganu Sdn Bhd board of directors never approved the RM76.4mil payment to NKK Corporation, Japan, for providing technical assistance at the Beam and Section Mill in Gurun, Kedah, the Sessions Court heard yesterday.

Chia 'worked as MD for free'

Tan Sri Eric Chia did not receive any salary throughout his tenure as Perwaja Steel Sdn Bhd's managing director, the Sessions Court heard Friday.

CBT issue disclosed in report

A former Perwaja Steel Sdn Bhd senior group general manager testified that he had prepared a report confirming a misappropriation of funds and a breach of trust involving the supposed RM76.4mil payment to NKK Corporation, Japan.

NKK 'did not seek RM76m'

NKK Corporation of Japan never asked for a RM76.4mil payment for its technical services from Perwaja Rolling Mill and Development Sdn Bhd, the Sessions Court heard Friday.