Bank Islam

Branch Manager

Responsibilities

Plan, manage and oversee the Branch operations towards increasing operational efficiency and profit maximization.
Implement effective sales strategies to ensure achievement of business targets.
Lead and motivate staff to provide quality services at all times.

BIMB not opposed to buying debt-ridden Dubai Group’s stake in Bank Islam

After legal proceedings were lobbed at Dubai Group over its US$10bil debt, the question arose what can be expected regarding the 30.5% interest it held in Bank Islam, where 51% of it belongs to BIMB. It is suggested that BIMB may acquire the stake from the Dubai state investment vehicle. In this way it will gain practically full control of Bank Islam. A notable fact is that BIMB as well as Bank Islam share a common shareholder pilgrim fund Lembaga Tabung Haji, which owns 51.76% of the former and 18.5% of the latter.

More on: http://biz.thestar.com.my/news/story.asp?file=/2012/9/17/business/120386...

Islamic banking and takaful boost BIMB earnings

BIMB Holdings Bhd had RM62.84mil in net profit on revenue of RM502.26mil mainly because of higher operating results registered by the Islamic financial services group’s subsidiaries – Bank Islam Malaysia Bhd and Syarikat Takaful Malaysia Bhd.
Johan Abdullah, BIMB’s group managing director and chief executive officer, stated that growth in net income was encouraged by higher profit from the continued growth in financing, higher non-fund based income and improved asset quality in Bank Islam, as well as higher profit generated from takaful businesses.

Malaysia's Bank Islam scraps plan for Muamalat stake-paper

Malaysia's Bank Islam has a plan to acquire a stake in Indonesian lender PT Bank Muamalat.
Some sources say that Bank Islam decided against a bid as it was deemed too expensive.

Bank Islam signs MoU with Bank Muamalat Indonesia for Estate Planning

Ellina Badri reported in The Edge Daily about the memorandum of understanding between Bank Islam Malaysia Bhd and Bank Muamalat Indonesia Bhd for the distribution of Islamic trust products.

Islamic trusts involve investments made following syariah principles and asset distribution according to Islamic rules of succession. The range of Islamic trust products include will-writing and estate administration services, and waqf, or a gift of property for religious or charitable purposes.

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