MIDF may become an Islamic financial institution


The MIDF Group, which is the investment banking and asset-management arm of Permodalan Nasional Bhd (PNB), could be converted into a full-fledged Islamic financial institution and make its way back to the stock exchange after being taken private a decade ago.

PNB group chairman Tan Sri Abdul Wahid Omar says these are possibilities as part of the state-owned, fund-management company’s efforts to support the promotion of Islamic finance services in the country.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

midf , PNB ,

   

Next In Business News

Coastal Contracts wins large-scale solar PV plant project in Sabah
Malakoff redesignates Che Khalib as non-executive chairman
Ringgit stages strong rebound to end losing streak against US dollar
HeiTech Padu appoints Hasrul Azuan as CEO
Dnex ties up with France-based Conex to streamline EU trade compliance for M’sian exporter
Capital A submits regularisation plan to exit PN17 status
TM and Perodua tie up to drive Malaysia's automotive transformation under NIMP 2030
Powerwell wins RM27mil supply contract
FBM KLCI gains ground; ringgit rebounds
Oil gains as cooling US inflation points to possible easing

Others Also Read