Bank Islam plans RM1bil capital raising exercise


Zukri: There is a need for capital this year to maintain a healthy risk-weighted capital ratio'.

BANK Islam Malaysia Bhd, the banking arm of BIMB Holdings Bhd, is filling up its war chest in anticipation of a challenging year in the banking industry as well as for a possible acquisition.

The bank, which aims to be Malaysia’s first mega Islamic bank, intends to raise capital via a RM1bil sukuk issuance.

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