February 28, 2015 12:54 AM ET

Banks

Company Overview of Affin Islamic Bank Bhd

Company Overview

Affin Islamic Bank Bhd provides enterprise and consumer banking services. The company offers corporate banking, contract financing, and trade finance to corporations, institutional clients, and small and medium-sized enterprises. It also provides Affin Impian Haji Savings Account-i, a structured savings plan that enables Muslims to save for their plan to perform the Hajj in Mecca. In addition, the company offers credit cards, personal loans, mortgages, and deposit taking services to individuals. Further, it engages in the debt and capital market, and hire purchase activities. The company was incorporated in 2005 and is based in Kuala Lumpur, Malaysia. Affin Islamic Bank Bhd operates as a sub...

Level 15

Menara Affin

Jalan Raja Chulan

Kuala Lumpur,  50200

Malaysia

Founded in 2005

Phone:

60 3 2055 9000

Fax:

60 3 2026 1415

Key Executives for Affin Islamic Bank Bhd

Chief Executive Officer and Director
Compensation as of Fiscal Year 2014.

Affin Islamic Bank Bhd Key Developments

Affin Islamic Bank Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Affin Islamic Bank Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total distributable income of MYR 121,402,000 against MYR 111,680,000 a year ago. Total net income was MYR 49,394,000 against MYR 47,652,000 a year ago. Profit before taxation was MYR 21,015,000 against MYR 22,520,000 a year ago. Attributable to equity holders of the bank was MYR 17,798,000 against MYR 17,104,000 a year ago. Basic and diluted earnings per share were 4.9 sen against 4.8 sen a year ago. Net cash used in operating activities was MYR 1,545,278,000 against MYR 1,596,801,000 a year ago. Purchase of property and equipment was MYR 64,000 against MYR 24,000 a year ago.

Affin Islamic Bank Bhd Launches Impian Haji Savings Account-I

Affin Islamic Bank Bhd is offering a new product which enables Muslims to save for their plan to perform the Hajj in Mecca. The product, the Affin Impian Haji Savings Account-i, is a new structured savings plan that comes with Takaful protection. The product is based on the Shariah concept of 'Mudharabah', where profit sharing ratios are pre-determined and mutually agreed between the customer and the bank at the onset of the investment. It offers flexibility to customers via a choice of three types of savings plan with tenures of five, ten or 15 years, and a wide range of deposit amounts from as low as MYR 167 per month.

Affin Islamic Bank Bhd Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2013

Affin Islamic Bank Bhd announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company has achieved a higher pretax profit of MYR 22.5 million compared to MYR 20.7 million for the same quarter last year, was mainly due to higher operating income.

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