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July 07, 2015 7:25 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
Compensation as of Fiscal Year 2015.

Affin Islamic Bank Bhd Key Developments

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.

Affin Holdings Appoints Encik Nazlee Bin Khalifah as Chief Executive Officer of AFFIN Islamic Bank Berhad

Affin Holdings announced the appointment of Encik Nazlee bin Khalifah as the new Chief Executive Officer of AFFIN Islamic Bank Berhad. Encik Nazlee bin Khalifah brings with him 23 years of experience in banking industry, primarily in developing and implementing business strategies. Encik Nazlee will be the Chief Executive Officer of AFFIN Islamic Bank Berhad effective June 3, 2015.

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.

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