IslamicFinance.de

Unicorn International Islamic Bank Malaysia Berhad has reported a net profit of MYR 812,546 (USD 223,993) for 2008, its first full year of operation with an international Islamic bank license awarded under the Malaysia International Islamic Financial Centre (MIFC) initiative. Unicorn Malaysia is a wholly-owned subsidiary of Bahrain-based Unicorn Investment Bank.

The bank, with the BNM’s approval, has also increased its paid-up capital via a non-renounceable rights issue. As of year-end 2008, the Bank’s paid-up capital stood at MYR 71.9 million (USD 19.8 mn), versus a MIFC minimum capital requirement of MYR 10 million (USD 2.7 mn)

Unicorn Malaysia has four business lines: Treasury, Corporate Banking, Investment Banking and Strategic Acquisitions/Direct Investment.

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