Bank Islam Malaysia

Overview

Bank Islam Malaysia is KLSE: BIMB + Malaysia's first Islamic bank since Jul 1 1983 + Lembaga Tabung Haji Malaysian Muslim pilgrimage savings fund ~52.5% controlling + Islamic-compliant retail + commercial banking ^{1, Malaysia report}.

History

Jul 1 1983 — Bank Islam Malaysia Berhad founded as Malaysia's first Islamic bank under Islamic Banking Act 1983 distinctive Malaysian Islamic banking heritage as Southeast Asia's first Islamic commercial bank.

2014 — Bank Islam mobile banking app launch.

Ownership & operator

Operating entity: Bank Islam Malaysia Berhad (Malaysia's first Islamic bank; KLSE: BIMB).

Major shareholders: Lembaga Tabung Haji (Malaysian Muslim pilgrimage savings fund) ~52.5% controlling + EPF Employees Provident Fund Malaysian pension fund minority + Malaysian retail + institutional + foreign investors free float.

Regulators: BNM Malaysia + SAC Bank Negara Shariah Advisory Council.

Technical integration

Bank Islam mobile app (iOS + Android) + bankislam.com online + Bank Islam branch network across Malaysia + Bank Islam Visa + Mastercard cards; MY IBAN + DuitNow + DuitNow QR + RENTAS + Islamic-compliant retail + commercial banking (no interest; profit-sharing + Murabaha + Sukuk).

Implementations & partners

Major Malaysian Islamic + commercial banking competitors: Maybank Malaysia (Maybank Malaysia; KLSE: MAYBANK; Malaysia's largest commercial bank by assets + Maybank Islamic subsidiary) + CIMB Bank (CIMB Bank Berhad; KLSE: CIMB + CIMB Islamic subsidiary) + Public Bank Berhad / MyPB (Public Bank Berhad; KLSE: PBBANK + Public Islamic subsidiary) + RHB Bank Malaysia / RHB Mobile Banking (RHB Bank Berhad; KLSE: RHBBANK + RHB Islamic subsidiary) + Hong Leong Bank Malaysia / HLB Connect (Hong Leong Bank Berhad; KLSE: HLBANK + Hong Leong Islamic subsidiary) + Bank Muamalat Malaysia (Bank Muamalat Malaysia; Malaysia's second Islamic bank since 1999; DRB-HICOM Berhad parent) + Bank Rakyat Malaysia (Bank Rakyat; Malaysian Islamic cooperative banking) + Agrobank (Agrobank; Malaysian Islamic agriculture commercial bank) + Touch 'n Go eWallet (Touch 'n Go eWallet Malaysian super-app wallet; ~22M+ Malaysian users) + MAE (Maybank E-Wallet) (MAE by Maybank Malaysian P2P mobile wallet).

Regulators: BNM Malaysia + SAC Bank Negara Shariah Advisory Council.

Status

Active, KLSE:BIMB + Malaysia's first Islamic bank since Jul 1 1983 + Lembaga Tabung Haji Malaysian Muslim pilgrimage savings fund ~52.5% controlling + Islamic-compliant retail + commercial banking ^{1, 2}.

Sources

• 1 Bank Islam — official
• 2 Bank Islam — Wikipedia
• ^{Malaysia report} In-corpus: reports/countries/MY-malaysia.md

Source

Biography extracted from bank-islam-malaysia.md. See matrix.md for standards-support matrix if present.