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Topic: Bank Islam Malaysia

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	Bank Islam - Wikipedia
		Mula beroperasi sebagai Bank Islam Malaysia yang terulung pada 1 Julai 1983, penubuhannya pada asasnya adalah khusus untuk memenuhi keperluan kewangan orang Islam dan masyarakat amnya, di negara ini.
		Pengenalan kepada perbankan Islam, satu komponen penting di dalam sistem kewangan Islam, adalah juga jejak pertama untuk merealisasikan cita-cita negara.
		Ia berkata kerugian bagi suku berkenaan disebabkan oleh pengurangan pinjaman tidak berbayar (NPL) yang lebih tinggi sebanyak RM100.72 juta berbanding dengan RM30.11 juta pada 2004, sebahagiannya disebabkan oleh peruntukkan tambahan bagi portfolio pembiayaan cawangan Bank Islam Labuan luar pesisir sebanyak kira-kira RM42.40 juta.
	ms.wikipedia.org /wiki/Bank_Islam (433 words)

	Utusan Malaysia Online - Ekonomi (Site not responding. Last check: 2007-10-21)
		Lembaga Tabung Haji Malaysia (Tabung Haji) muncul sebagai satu lagi pemegang saham baru dengan sembilan peratus pegangan bernilai RM186 juta dalam Bank Islam, yang kini dalam proses ‘pembersihan’.
		Jadi sebagai seorang warga asing, untuk datang ke negara seperti Malaysia adalah amat perlu bagi kami memainkan peranan penting dalam institusi seperti itu,” katanya.
		Malaysia, kata Ba’alawy, juga merupakan satu daripada negara Islam yang sebenarnya memberi tumpuan terhadap membangunkan negara Islam yang lain.
	www.utusan.com.my /utusan/content.asp?y=2006&dt=1011&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_01.htm (597 words)

	Bank Islam to revamp its business model (Site not responding. Last check: 2007-10-21)
		BANK Islam Malaysia Bhd is looking at a major overhaul of its business model and processes in order to move ahead and compete in a more vigorous banking environment.
		Having joined Bank Islam from Khazanah Nasional Bhd on July 9, Zukri said his first observation was that Bank Islam had poor credit evaluation, and insufficient depth and breadth in processing loans.
		He said the bank's risk management frame was not properly established and there was a lack of focus as to what it was doing.
	www.thestar.com.my /services/printerfriendly.asp?file=/2006/9/25/business/15524949.asp&sec=business (686 words)

	Islamic Banking
		Islam prohibits Muslims from taking or giving interest (riba) regardless of the purpose for which such loans are made and regardless of the rates at which interest is charged.
		The musharaka principle is invoked in the equity structure of Islamic banks and is similar to the modern concepts of partnership and joint stock ownership.
		Under this mode, the banks would buy the equipment or machinery and lease it out to their clients who may opt to buy the items eventually, in which case the monthly payments will consist of two components, i.e., rental for the use of the equipment and instalment towards the purchase price.
	www.usc.edu /dept/MSA/economics/islamic_banking.html (9496 words)

	Zeti: Pick capable ones to sit on bank boards (Site not responding. Last check: 2007-10-21)
		It needs to be recognised that the responsibility for the safety and soundness at the institutional level rests primarily with the board and the management of each banking institution and the key stakeholders such as the significant shareholders,” she said.
		In the case of Bank Islam, she said currently all the directors and key executives were new and had diverse banking experience.
		On whether Bank Negara was aware of Bank Islam’s RM1.5bil in loan loss provision, she said: We were aware of the risks associated with some of the exposure made.
	www.thestar.com.my /services/printerfriendly.asp?file=/2006/10/17/business/15747759.asp&sec=business (1029 words)

	DIG ambitious on Bank Islam (Site not responding. Last check: 2007-10-21)
		Bank Islam accepting us is only the opening of the bridge to the excess liquidity in the Gulf countries which are looking for opportunities to park their money where they can get reasonable returns,” Ba’alawy said in an interview here.
		And Islamic banks could be much more superior in these countries than conventional banks because the idea of Islamic banking was to take and share risks as opposed to risks being passed between banks and their borrowers in conventional banking, he said.
		On Bank Islam, he said: “You have a brand, you have a reputation and now what you need is to export it but first you need to put your house in order.
	biz.thestar.com.my /news/story.asp?file=/2006/10/11/business/15684867&sec=business (946 words)

	AP: Islamic Banking (Site not responding. Last check: 2007-10-21)
		Malaysia is encouraging its Islamic bankers to try to become global leaders by offering home mortgages and a growing array of sophisticated financial services.
		In Malaysia, Bank Islam's deposits have grown to some 3 billion ringgit, or about $1.2 billion, and other banks have followed its lead by opening separate teller windows to handle Islamic transactions.
		Loan purposes: Although traditional banks judge borrowers on ability to repay loans, Islamic bankers are expected to also consider their consequences.
	www.calbaptist.edu /dskubik/islam.htm (1005 words)

	Institut Kefahaman Islam Malaysia :: IKIM (Site not responding. Last check: 2007-10-21)
		ISLAM was given its special position in the Constitution because at the time of independence, the Malays who are the native people, were in the majority.
		Malaysia is one of the founding members of the Organisation of Islamic Conference (OIC).
		Malaysia's success in building a modern, peaceful, stable and prosperous society, guided by the social and moral values of Islam has made many in other parts of the world look upon it in admiration.
	www.ikim.gov.my /bm/media/2001-nst/ar01-nst17.htm (1024 words)

	ISLAM: Resistance and reform - NI 345 - Good company
		This was a dramatic illustration of banks bowing to pressure from the providers of their funds – the general public.
		Similarly, the Bank of Scotland was forced to withdraw from a deal with the US televangelist Pat Robertson because of his extreme right-wing views.
		Islamic banks can be compared with ethical investments which incorporate the desire of the providers of the funds to have a say in how their money is used.
	www.newint.org /issue345/good.htm (1579 words)

	Computerworld Malaysia - Bank Islam deploys nationwide intelligent network
		Bank Islam Malaysia, a subsidiary of BIMB Holdings, Malaysia's premier Islamic investment company, has upgraded its nationwide network to enable it to be more responsive to changing business requirements.
		Bank Islam hopes to use such a network to quickly scale and deploy advanced services such as voice over IP (VOIP) and application optimisation and virtualisation technologies that integrate IT more tightly to the needs of the business.
		Bank Islam's network will enable the bank to increase the efficiency of operations and lower its total cost of ownership while delivering new, integrated services such as voice over IP in the future, according to Kumaran Singaram, managing director, Cisco Systems Malaysia.
	computerworld.com.my /ShowPage.aspx?pagetype=2&articleid=2613&pubid=4&issueid=65 (319 words)

	MALAYSIAN ISLAMIC MONEY MARKET (Site not responding. Last check: 2007-10-21)
		Bank Negara implemented this in 1993 by allowing existing commercial banks, finance companies and merchant banks to offer Islamic banking services on a parallel basis with their conventional banking services.
		When an IBD OF bank obtains investment from another IBD of bank for any period, the principal invested is repaid at the end of the period, together with a share of the profit arising from the use of the fund by the receiving bank.
		Thus repo in conventional banking is an agreement under which a seller of securities undertakes to repurchase the securities from a buyer at an agreed price on a specified future date.
	www.islamic-world.net /islamic-state/malay_islamoneymarket.htm (2098 words)

	Banking and finance - Malaysia - (Legal500.com)
		Malaysia is one of few nations to operate both international contemporary ways of financing as well as Islamic shari'a techniques.
		Banking and finance powerhouse Adnan Sundra & Low is very much at the forefront of securitisation and structured finance.
		Skrine's banking and corporate departments are strongly connected, with the firm having less of a history in sophisticated financing than other serious players.
	www.icclaw.com /as500/edit/my10.htm (1098 words)

	ISNET
		Bank Islam's senior general manager, Ismail Mahayudin said by using dinar as a common currency it would be easier for the Islamic countries to measure the progress and economic development of each country.
		On the development of Islamic banking in Asia, Ismail said it was encouraging as the bank had received many inquiries from Indonesia, Brunei, the Philippines and Sri Lanka.
		Malaysia's ability in trade and economic matters had been proven, especially when dealing with the currency crisis through various independent and creative approaches, he said.
	www.usm.my /dinar/article/GDRG%20NewsBIslam.htm (319 words)

	News @ Cisco: Bank Islam Deploys Nationwide Intelligent Information Network
		Bank Islam chose Cisco® networking equipment because HeiTech Padu was able to demonstrate the strengths of a solution that includes Cisco technology from end-to-end that is flexible, scalable and easy to manage.
		Bank Islam's network will enable the bank to increase the efficiency of operations and lower its total cost of ownership while delivering new, integrated services such as voice over IP in the future," said Kumaran Singaram, managing director, Cisco Systems Malaysia.
		Established in 1983 as Malaysia's first Islamic bank, the Bank Islam brand name today is synonymous with Islamic banking as the bank assumes the role of trend setter for other domestic Islamic banking players.
	newsroom.cisco.com /dlls/global/asiapac/news/2005/pr_08-16.html (886 words)

	Encyclopedia: Bank Muamalat Malaysia (Site not responding. Last check: 2007-10-21)
		Bank Muamalat Malaysia Berhad started its operations on October 1, 1999 with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and BBMB Kewangan.
		Bank Muamalat Malaysia Berhad, the second full-fledge Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, irrespective of race or religious beliefs, thus contributing to the development of modern Malaysia.
		Bukhary Capital Sdn Bhd holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.
	www.nationmaster.com /encyclopedia/Bank-Muamalat-Malaysia (167 words)

	Finance - Islamic Banking - References (Site not responding. Last check: 2007-10-21)
		Bank Islam Malaysia Berhad has been offering a 70:30 profitsharing ratio in favour of depositors (Man 1988).
		The Faisal Islamic Bank of Egypt, Cairo, gave a 9 per cent rate of return on deposits in the same year (Afkar Inquiry, December 1985).
		The market shares of the Islamic banks are close to 20 per cent in Egypt, Kuwait and Sudan and roughly l0 per cent in Jordan and Qatar.
	islamicity.com /finance/IslamicBanking_References.htm (1220 words)

	The Sword of Islam ... War Against Israel and the West! (Site not responding. Last check: 2007-10-21)
		This is Islam's sad legacy of murder, terror, lies and brainwashing to advance their cause of global conversion and subjugation...
		Malaysia is a time-bomb ready to explode between Muslims and the minority Chinese and Indian populations.
		Islam is on the move and is prepared to extinguish any and all civilizations that get in its way.
	www.masada2000.org /islam.html (6279 words)

	INTERVIEW: Zarir J. Cama, Deputy Chairman and Chief Executive Officer, HSBC Bank Malaysia :: IslamBank.Community :: ... (Site not responding. Last check: 2007-10-21)
		The bank has officially started operations on 5/7/1979, however, the real beginning was before that date by more than five years, when the founders met and agreed to establishing a bank in Egypt operating in accordance with the Islamic Shari’ah to serve as a model for Islamic banks all over the world.
		The bank, hence, aims at consolidating the basis of Islamic banking practices and developing it further by deducing and introducing successful practical applications of the legal concepts which are at the core of Islamic transactional jurisprudence.
		According to the bank's statutes, its law of incorporation and the very wide scope of its activities and operations, it is evident that it is a Universal Bank in the full sense of the term.
	tyo.ca /islambank.community/modules.php?op=modload&name=News&file=article&sid=1125&mode=thread&order=0&thold=0 (3258 words)

	Bank Islam Malaysia -- Facts, Info, and Encyclopedia article (Site not responding. Last check: 2007-10-21)
		Bank Islam Malaysia -- Facts, Info, and Encyclopedia article
		Set up with an initial authorized (A seat of government) capital of RM500 million an a paid-up of RM 79.9 million, the bank has gradually increased its authorized and paid-up capital to RM 2 billion and RM 563 million respectively.
		It was listed on the main board of the (Click link for more info and facts about Kuala Lumpur Stock Exchange) Kuala Lumpur Stock Exchange (is now known as Bursa Malaysia Securities Berhad) on January 17th 1992.
	www.absoluteastronomy.com /encyclopedia/B/Ba/Bank_Islam_Malaysia.htm (86 words)

	Dhimmi Watch: Islam is not an exotic addition to the English country garden
		Islam is not an exotic addition to the English country garden
		For example, instead of a Muslim holding a mortgage for a house, the bank can own the house and make arrangements for the Muslim gradually to buy it off the bank over a period of years.
		I have been posting on NPR threads for many years now concerning Islam and its insidious threat to the ideas that we live for, and I am continually astounded by those responses who say that I am an Islamophobe or a right-wing knee-jerking freak.
	www.jihadwatch.org /dhimmiwatch/archives/002919.php (1763 words)

	Islamic Land - bank islam malaysia (Site not responding. Last check: 2007-10-21)
		An apologetics bank islam malaysia for the atheist, agnostic, bank islam malaysia and Christian.
		Gives academic evidence for the validity of bank islam malaysia bank islam malaysia bank islam malaysia and bank islam malaysia bank islam malaysia a bank islam malaysia of disciplines.
		Articles about Islamic marriages, The bank islam malaysia of Marriage bank islam malaysia Wedding (in the pure bank islam malaysia of the Prophet bank islam malaysia s.w.a), worldwide wedding customs and much more.
	www.islamicland.com /bank_islam_malaysia-1.html (337 words)

	New Straits Times : Bank Islam to launch Net banking @ HighBeam Research (Site not responding. Last check: 2007-10-21)
		BANK Islam Malaysia Berhad (BIMB) a name synonymous with Islamic banking in Malaysia, is working hard to spruce up its stuffy image.
		For one, the bank has been busy embracing new technologies to create more efficient and effective delivery channels to realise its electronic banking (e-banking) initiatives.
		According to Norhuda Idrus, manager for Bank Islam's Internet banking department, the bank has already received approval from Bank Negara, plus it is also now certified by a US-based security consultancy company TruSecure to prove that its IT security network and systems are secure.
	static.elibrary.com /n/newstraitstimes/december042002/bankislamtolaunchnetbanking/index.html (201 words)

	wiki/Bank Islam Malaysia Definition / wiki/Bank Islam Malaysia Research (Site not responding. Last check: 2007-10-21)
		Started operations as Malaysiaâs first Islamic bankIslamic banking refers to a system of banking which is consistent with Islamic law and guided by Islamic economics.
		One form of the argument against interest is that money is not a good and profit should be earned on goods and services only; not on control of money itself.
		[click for more] on July 1st 1983, Bank Islam Malaysia Berhad (BIMB) establishment was primarily to cater for the financialFinance addresses the ways in which individuals, business entities and other organizations allocate and use monetary resources over time.
	www.elresearch.com /wiki/Bank_Islam_Malaysia (292 words)

	Eerste Islamitische credit card gelanceerd door Bank Islam Malaysia :: Islamic Commerce :: The Way of The Profit
		Bank Islam is de eerste bank in de regio die een certificaat van Europay-MasterCard-Visa (EMV) 2000 voor Financial Multi Application van MasterCard International heeft gekregen.
		Bank Islam staat een transfer balans van een andere bank toe en rekent RM 6,20 (€ 1,65) voor een transactie.
		Bank Islam is eveneens van plan om haar Bank Islam Visa Gold en Bank Islam Visa Classic aan het eind van dit jaar te lanceren.
	www.islamic-commerce.net /index.php?name=News&file=article&sid=85 (666 words)

	Bank Islam Deploys Nationwide Intelligent Info Network
		Bank Islam chose Cisco(R) networking equipment because HeiTech Padu was able to demonstrate the strengths of a solution that includes Cisco technology from end-to-end that is flexible, scalable and easy to manage.
		Bank Islam's network will enable the bank to increase the efficiency of operations and lower its total cost of ownership while delivering new, integrated services such as voice over IP in the future," said Kumaran Singaram, managing director, Cisco Systems Malaysia.
		Established in 1983 as Malaysia's first Islamic bank, the Bank Islam brand name today is synonymous with Islamic banking as the bank assumes the role of trend setter for other domestic Islamic banking players.
	www.itsecurity.com /security.htm?s=7168 (855 words)

	The Development Of Islamic Banking In Malaysia - Finance In Islam (Site not responding. Last check: 2007-10-21)
		The application of Islamic law in banking received a tremendous boost in Malaysia with the passing of the Islamic Banking Act, 1983 (“Islamic Banking Act”) followed by the establishment of the first commercial bank, licensed under the Islamic Banking Act, to operate on Islamic principles in Malaysia, Bank Islam Malaysia Berhad(“Bank Islam”).
		The Islamic Banking Act by not defining banking business has either left it to be implied by the Courts that the meaning of the term is to be the same as that applied in conventional banking or intended that term to acquire a meaning by custom and usage over the years.
		This problem was realised at the outset when banking documents, were first drafted for use by Bank Islam and a great deal of caution was exercised to ensure their compliance with the above-stated requirements.5 Over the years these documents have been modified and improved upon.
	www.financeinislam.com /article/6_31/1/407 (5364 words)

	People's Daily Online -- Bank Islam Malaysia turns around with profits
		Bank Islam Malaysia Berhad, the first Islamic bank in the country, returned to the fl for the six months ending Dec. 31 last year, with a profit before zakat and tax of 165.8 million ringgit (47.37 million U.S. dollars), the bank said Friday.
		Managing Director Zukri Samat attributed the sharp earnings recovery to the implementation of the bank's turnaround plan, which includes the implementation of strategic changes to grow new businesses and an aggressive loan recovery program.
		The return to profitability after two years' of losses puts the bank back on track to capitalize on the incentives recently unveiled by the Malaysian government to accelerate and deepen the development of the Malaysian Islamic Financial Center, said Zukri.
	english.people.com.cn /200704/06/eng20070406_364416.html (253 words)

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