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Business

CIMB Islamic offers Shariah-compliant forex option

CIMB Islamic Bank Bhd recently launched its Islamic foreign exchange with Shariah-compliant option features or FXOP-i, which allowed customers to hedge their forex risk.

Business

CIMB Private Equity, Alam Maritim in RM252m JV

CIMB Private Equity and Venture Capital has teamed up with Alam Maritim Resources Bhd to set up a joint venture company valued at RM252mil to acquire and operate offshore support vessels for the oil and gas industry.

Business

Oil &Gas still attractive despite slowdown

The oil and gas industry is still a lucrative sector to invest in despite the current slowdown in the global economy, says CIMB Private Equity and Venture Capital director Darawati Hussain.

Business

Middle-East funds keen on Asian assets

Some Middle Eastern investors are still keen to buy assets in Asia to diversify their investment portfolio despite the credit crunch across global markets.

Business

CIMB Bank lowers lending rates

CIMB Bank Bhd and CIMB Islamic Bank Bhd will reduce their base lending rate (BLR) and base financing rate (BFR) by 25 basis points to 6.5% respectively with effect from Dec 1.

Business

Maybank and CIMB reduce lending rate

Malayan Banking Bhd and CIMB Group have reduced their base lending rates (BLR), effective from Dec 1, following the move by Bank Negara to lower the overnight policy rate (OPR).

Business

Badlisyah wins Islamic award

CIMB Islamic Bank chief executive officer Badlisyah Abdul Ghani was named the Best Individual Islamic Banker 2008 by Islamic Finance News Awards.

Business

CIMB Bank targets 18% growth in retail deposits

CIMB Bank Bhd aims to achieve a growth of 18%, or RM6.5bil, for its retail deposits this year, supported by campaigns and product offerings.

Business

CIMB Group maintains IT spend at RM350mil

CIMB Group will maintain its information technology (IT) spending at RM350mil in Malaysia this year, says group information and operations head Iswaraan Suppiah.

Business

New sukuk scheduled despite sluggish market outlook

PETALING JAYA: The financial services sector will see new issuance of Islamic papers this year although the outlook for sukuk or the Islamic bond market is sluggish, said Malaysian Rating Corp Bhd (MARC) chief executive officer Mohd Razlan Mohamed.