December 07, 2016 10:04 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 2016.

Affin Islamic Bank Bhd Key Developments

AFFIN Islamic Bank Berhad Announces Earnings Results for Half Year Ended June 30, 2016

AFFIN Islamic Bank Berhad announced earnings results for half year ended June 30, 2016. For the period, the company reported profit before tax of MYR 71.4 million compared to MYR 51.9 million for the same period in the previous year.

Affin Islamic Bank Bhd Reports Earnings Results for the First Quarter Ended March 31, 2016

Affin Islamic Bank Bhd reported earnings results for the first quarter ended March 31, 2016. The company reported an improved PBT of MYR 25.5 million as compared to MYR 23.5 million achieved in the first quarter of 2015.

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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