March 26, 2017 9:12 PM ET

Banks

Company Overview of RHB Islamic Bank Berhad

Company Overview

RHB Islamic Bank Berhad provides various Islamic banking products and services in Malaysia. The company operates through Corporate and Investment Banking, Business Banking, Retail Banking, and Treasury segments. It offers various deposits products, such as savings and current accounts, and demand and term deposits; specific and general investment accounts; financing products, including restructuring and syndication, term, revolving, hire purchase, house and shop house, and Islamic automobile financing; and credit cards. The company also provides remittance services; general and project advisory services; and money market and securities trading services, as well as issues private debt securit...

Menara Yayasan Tun Razak

Level 11

200, Jalan Bukit Bintang

Kuala Lumpur,  55100

Malaysia

Founded in 2005

Phone:

60 3 2171 5000

Fax:

60 3 2171 5001

Key Executives for RHB Islamic Bank Berhad

Chief Executive Officer, Managing Director and Head of Group Shariah
Age: 45
Group Chief Financial Officer
Age: 52
Group Chief Operations Officer
Head of Enterprise Banking
Head of International Business
Compensation as of Fiscal Year 2016.

RHB Islamic Bank Berhad Key Developments

RHB Islamic Bank Berhad Announces Executive Changes

RHB Banking Group announced the appointment of Dato' Adissadikin Ali as Managing Director/Chief Executive Officer (CEO) of RHB Islamic and Head effective 1 August 2016 succeeding Tuan Haji Ibrahim Hassan. In his role as the Managing Director/CEO of RHB Islamic Bank, Dato' Adissadikin will be responsible for leading, managing and growing the Group's Shariah business, making it into one of the top 3 Islamic Banking institutions in Malaysia, while also exploring opportunities for growth regionally. Prior to joining the RHB Banking Group, Dato' Adissadikin was CEO of Alkhair International Islamic Bank Berhad (AKIIB) since 1 June 2015. From October 2010 to May 2015, he was the President and CEO of Export- Import Bank of Malaysia Berhad (EXIM).

RHB Islamic Bank Enters into Exclusive Bancatakaful Service Arrangement Agreement Syarikat Takaful Malaysia Berhad

The board of directors of RHB Capital announced that RHB Islamic Bank has on August 26, 2015 entered into an exclusive bancatakaful service arrangement agreement Syarikat Takaful Malaysia Berhad. STMB shall pay RHB Islamic Bank a total service fee of MYR 110 million and in consideration thereof, RHB Islamic Bank shall commit to a 10-year bancatakaful relationship with STMB to distribute Family and General takaful products developed by STMB pursuant to the terms of the Bancatakaful Service Agreement. The Bancatakaful Service Arrangement is not expected to have any material effect on the earnings and earnings per share of RHB Capital group of companies for the financial year ending December 31, 2015 but is expected to contribute positively to the future earnings of RHB Banking Group.

Syarikat Takaful Malaysia Berhad Announces Bancatakaful Service Agreement with Rhb Islamic Bank Berhad

Syarikat Takaful Malaysia Bhd announced that STMB has on 26 August 2015 entered into an exclusive bancatakaful service agreement with RHB Islamic Bank. Bancatakaful Service Agreement is a 10-year bancatakaful relationship with RHB Islamic Bank whereby RHB Islamic Bank shall commit to distribute Family and General takaful products developed by STMB pursuant to the terms of the Bancatakaful Service Agreement. Pursuant to the Bancatakaful Service Agreement, STMB shall pay RHB Islamic Bank a total service fee of MYR 110 million.

Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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