Company Overview of RHB Islamic Bank Berhad
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, Treasury, Transaction Banking, and International Currency Business Unit segments. It offers various deposits products, such as savings and current accounts, and term deposits; equity home and property, vehicle, and personal financing products; debit and credit cards; wealth management services; privilege ladies banking; and pawn broking services. The company also provides private debt securities issuances, financings restructuring and syndication, and general and project advisory services; term, revolving,...
Jalan Tun Razak
Kuala Lumpur, 50400
Founded in 2005
Key Executives for RHB Islamic Bank Berhad
Chief Executive Officer, Managing Director and Director
Group Chief Financial Officer
Group Chief Operations Officer
Executive Director of Group International Business and Chief Executive Officer of Osk Investment Bank Berhad
Head of Enterprise Banking
Compensation as of Fiscal Year 2015.
RHB Islamic Bank Berhad Key Developments
RHB Islamic Bank Enters into Exclusive Bancatakaful Service Arrangement Agreement Syarikat Takaful Malaysia Berhad
Aug 26 15
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
Aug 26 15
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.
RHB Islamic Bank Berhad Announces Earnings Results for the Year Ended December 31, 2014
Feb 27 15
RHB Islamic Bank Berhad announced earnings results for the year ended December 31, 2014. The company recorded a strong growth in pre-tax profit by 39.1% to MYR 303.7 million as compared to 2013. The higher profit was due to higher net financing income on the back of strong financing growth of 36.2% to MYR 25.5 billion, higher non funding income and lower allowances for impairment on financing and advances.
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