In a significant move, Bank Islam Malaysia Berhad (Bank Islam) has issued its fifth tranche of Subordinated Sukuk Murabahah, amounting to RM400.0 million, within the framework of its RM10.0 billion Sukuk Murabahah Programme. This development marks another milestone for the bank in expanding its financial operations. The Sukuk Murabahah shall qualify as Tier 2 regulatory … Read more
The partnership between Bank Islam and Qwork signifies a proactive move towards democratizing financial services for gig economy workers. This dynamic collaboration empowers freelancers by providing them with increased access to financial tools and resources. By leveraging Qwork’s innovative platform, Bank Islam is demonstrating its dedication to advancing financial inclusivity and supporting the evolving needs … Read more
Bank Islam Malaysia Berhad (Bank Islam or the Bank), which has achieved the ISO 37001 Anti-Bribery Management System (ABMS) certification from ABAC Center of Excellence Sdn Bhd (ABAC), is the first fully-fledged Islamic financial institution in Malaysia to receive this renowned accreditation. Bank Islam’s Chairman, Tan Sri Dr. Ismail Bakar, received the accreditation at the … Read more
The following income distribution has been made by BIMB Investment Management Berhad (BIMB Investment), a wholly owned subsidiary of Bank Islam Malaysia Berhad (Bank Islam), for the BIMB-ARABESQUE i Global Dividend Fund 1 (BiGDF1) or (the Fund) for its fiscal year ending 31 March 2024: Fund Name Asset Class Yield (%) Sen/cent per unit BIMB-ARABESQUE … Read more
The freshly rebuilt Surau Abu Hurairah was officially inaugurated today by Bank Islam Malaysia Berhad (Bank Islam or the Bank) in Malaysia’s National Zoo (Zoo Negara). This surau construction project was completed with the collaboration of the Ministry of Defense (MINDEF), the Malaysian Armed Forces (ATM), and the Malaysian Zoological Society. The project’s goal was … Read more