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Islamic Financial Institutions in Malaysia |
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Bank Islam Malaysia Berhad |
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Bank Islam Malaysia Berhad, a name synonymous with Islamic banking in Malaysia, continues to lead the way and to assume the role of trendsetter for Islamic banking. Started operations as Malaysia’s first Islamic bank on July 1st 1983, its establishment was primarily to cater for the financial needs of Muslims in the country and to further extend its services to the whole population at large. Bank Islam’s success story is by and large a significant victory for Islamic financial system as whole. This has put Bank Islam in the center of attention in the banking sector and is well on its way to turn Malaysia into the international capital of Islamic banking.
Website: - www.bankislam.com |
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Bank Muamalat |
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Bank Muamalat, which commenced operation beginning 1 October 1999, is a full-fledged Islamic financial institution that operates under the Islamic Banking Act (1983). It is headquartered in Kuala Lumpur and is a leading financial institution offering Shariah based financial services and products. Mission of the bank is “To build the Bank into a modern, dynamic and strong Islamic bank that would play a role in providing a viable alternative to the conventional system and contribute to the development of modern Malaysia”.
Website: - www.muamalat.com |
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Syarikat Takaful Malaysia Berhad
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Syarikat Takaful Malaysia Berhad (Takaful Malaysia) was incorporated on the 29th of November 1984 with an authorised capital of RM500 million and a paid-up of RM10 million. It commenced operation on the 22nd of July, 1985 prior to its official launching on the 2nd of August 1985 by the then Prime Minister of Malaysia, Tun Dr. Mahathir Mohamed. Takaful Malaysia was transformed into a public limited company on the 30th of July 1996 followed with the listing of its shares on the Main Board of Bursa Malaysia Securities Berhad.
Website: - www.takaful-malaysia.com |
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