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Corporate News 23 Jan 2017 | 12:00 AM Premium

Syarikat Takaful Malaysia finalising corporate structure

PETALING JAYA: Syarikat Takaful Malaysia Bhd, which is not discounting the possibility of a merger and acquisition (M&A), is in the midst of finalising its corporate structure in line with requirements under the Islamic Financial Services Act (IFSA) 2013.

Business 17 Sep 2016 | 12:00 AM Premium

Setting the benchmark

IN the evolving financial services industry (FSI), regulations for more independent directors and stringent corporate governance have made it crucial to have qualified and accountable directors on the boards of financial institutions.

Corporate News 24 Aug 2016 | 11:40 AM Premium

RHB Bank to assess opportunities in Indonesia

KUALA LUMPUR: RHB Bank Bhd, which saw its bid to acquire a stake in Indonesia's PT Bank Mestika Dharma Tbk fall through, is optimistic about the prospects in that country and and will assess the opportunities.

Business 09 May 2016 | 12:00 AM Premium

MAA’s growing cash pile fails to boost share price

PETALING JAYA: Despite the proposed sale of its Takaful arm and a special dividend of 35 sen per share, MAA Group Bhd’s latest corporate announcements have done little to attract investors’ interest to the stock, as reflected in its share price movements.

Banking 30 Apr 2016 | 12:00 AM Premium

MAA can advance with disposal of Takaful arm

MAA GROUP Bhd, which has been having funding issues despite being cash-rich, may have finally found a reprieve with the sale of its Takaful arm, MAA Takaful Bhd.

Business 22 Feb 2016 | 12:00 AM Premium

Game changer for Maybank Islamic

KUALA LUMPUR: Malaysia’s biggest Islamic lender, Maybank Islamic Bhd, says the investment account (IA) business is set to be a game changer for the group in its effort to boost earnings growth amid the subdued banking landscape.

Corporate News 28 Jan 2016 | 7:04 AM Premium

Bank Negara sees need for more prudent regulation, supervision

KUALA LUMPUR: The global Islamic financial system is now operating at a time when the international economic and financial environment has become immensely more challenging, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.

Nation 16 Jul 2015 | 5:24 PM Premium

AmBank Group will sue parties behind hoax

PETALING JAYA: AmBank Group will take legal action against people behind blog postings of a fake press statement and statutory declaration, once it ascertains the identity of those involved and motive of the hoax.

Business 14 Jul 2015 | 1:27 PM Premium

HLIB launches Tawarruq based deposits

KUALA LUMPUR: Hong Leong Islamic Bank Bhd (HLIB)has launched the Current Account-i and Savings Account-i (CASA-i) based on the principle of Tawarruq (Tawarruq CASA-i), with both being principal guaranteed deposit products.

Business 20 Jun 2015 | 12:00 AM Premium

HLISB launches Tawarruq accounts

PETALING JAYA: Hong Leong Islamic Bank Bhd (HLISB) launched its Tawarruq current account-i and savings account-i (CASA-i), which provides upfront disclosure of profit rates.