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Maybank Islamic wins Islamic Bank of the year award
Last update: 03/07/2018

KUALA LUMPUR, July 3 (Bernama) --†Maybank Islamic Bhd has been†named†the Asia-Pacific winner of The Banker's Islamic Bank of the Year in 2018, on top of†recognition and accolades in the country awards category for Malaysia.

In a statement,†Maybank Islamic said the bank was†honoured to be recognised and the awards would encourage it to work harder as it moves towards global leadership.

"Our aspirations towards 2020 is to be the leading Islamic financial institution which will be measured based on our financials, global presence, product development and innovation and through our Centre of Excellence," said Maybank Islamic Chief Executive Officer Datuk Mohamed Rafique Merican.

London-based publication, The Banker, said the judging panel was impressed by the bank's push to develop new products and services, its commitment to green innovations in Islamic finance and continued regional expansion.

The publication said the bank's achievements were underscored by some impressive performance figures over the 2017 review period.

It said the bank's steady growth pace in Singapore and Indonesia also contributed to its recognition as the best in Asia Pacific, whereby growth in the bank's Singaporean and Indonesian units saw them collectively contribute 6.7 per cent to the group's total Islamic assets at the end of 2017.

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Moody's: Malaysia's borrowing profile stable with rising use of domestic sukuk

 


 

CLOSING, FRIDAY, AUG 3, 2018
US 4.0800/0850
S'pore 2.9770/9811
100 Yen 3.6523/6574
Sterling 5.3064/3146
Euro 4.7222/7292
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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