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February 13, 2016 12:37 PM 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
Compensation as of Fiscal Year 2015.

Affin Islamic Bank Bhd Key Developments

Affin Islamic Bank Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd and Maybank Islamic Bhd Establishes Consortium

Affin Islamic Bank Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd and Maybank Islamic Bhd have established a consortium to develop a multi-bank platform to market investment account products. The consortium, known as Raeed Holdings Sdn Bhd (Raeed), is equally owned by the four Islamic banks. As a start, Raeed has set up a wholly-owned subsidiary, IAP Integrated Sdn Bhd, to develop and operate a multi-bank platform known as the Investment Account Platform (IAP) which was announced in the 2015 Budget. The IAP will serve as a centralised multi-bank platform that will allow potential investors to view and choose from a wide range of ventures sponsored by the four banks to invest in. The IAP will provide new financing for entrepreneurs with good and viable projects and opportunities for the private sector as well as the investing public and institutions to finance these projects.

AFFIN Islamic Bank Berha Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

AFFIN Islamic Bank Berhad registered a higher PBT of MYR 28.3 million as compared to MYR 21.0 million for the preceding year's corresponding quarter. For the half-year ended 30 June 2015, the Company also registered a higher PBT of MYR 51.9 million as compared to MYR 42.1 million for the same period last year, mainly due to higher operating income of MYR 9.8 million and lower overhead expenses of MYR 1.3 million.

AFFIN Islamic Bank Berhad Appoints Encik Nazlee Khalifah as New CEO

AFFIN Islamic Bank Berhad has appointed Encik Nazlee Khalifah as its new CEO. Encik Nazlee bin Khalifah brings with him 23 years of experience in banking industry, primarily in developing and implementing business strategies. Encik Nazlee joined AFFIN Bank Berhad as Head, Business Strategy & Support, Business Banking Division on 3 February 2009 and was subsequently appointed as the Chief Corporate Strategist on 1 April 2011. Encik Nazlee has made many significant contributions during his 6-year tenure with AFFIN Bank Group (including AFFIN Islamic Bank Berhad) particularly in the areas of strategic business initiatives of the AFFIN Bank Group's 5-year Strategic Plan 2014-2018. He leads one of the 5 Strategic Business Initiatives of the Group: Marketing and Diversifying funding sources. Encik Nazlee's working experience in banking includes exposure in Islamic banking business and operations.

Similar Private Companies By Industry

Company Name Region
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