IslamicFinance.de

CIMB Islamic Bank’s chief executive officer and board member Badlisyah Abdul Ghani will resign all his posts effective Aug 15, 2015. Badlisyah also heads CIMB Group Bhd’s Islamic banking and finance franchise. In a statement to Bursa Malaysia, CIMB Islamic Bank’s board of directors announced it has elected Mohd Shafri Shahul Hamid as the person-in-charge of the bank and agreed for the group nomination and remuneration committee to start the process of identifying Badlisyah’s replacement. Badlisyah courted controversy last week when he questioned the validity of documents used by The Wall Street Journal (WSJ) in its recent reports which claimed billions of ringgit were deposited into accounts belonging to Prime Minister Najib Abdul Razak.