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Topic: Bank Muamalat Malaysia


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  Biggest merger in our banking history
The bank has the country's largest ATM (automated teller machine) network of 727 and nearly 260 branches with 10,000 employees, serving a customer base of about two million nationwide.
Bumiputra-Commerce is one of the six anchor banks to be created as a result of the current consolidation exercise in the banking sector.
Bank Muamalat was created from the enlarged Skim Perbankan Islam department within BBMB.
www.angelfire.com /nh/saint1/bankmergers.html   (442 words)

  
 Bank Muamalat Malaysia - Wikipedia, the free encyclopedia
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.
en.wikipedia.org /wiki/Bank_Muamalat_Malaysia   (151 words)

  
 Bank Muamalat Malaysia Berhad   (Site not responding. Last check: 2007-11-06)
Bank Muamalat Malaysia Berhad, the second Islamic bank established in the country, is poised to write a new chapter in Islamic banking.
A bank as new and dynamic as Bank Muamalat is committed to adopting the latest technology, building a solid infrastructure to service its clients efficiently.
Being a young establishment, Bank Muamalat is actively riding on the wave of technology, by investing in new equipment, and adopting the latest IT strategies.
www.microsoft.com /malaysia/business/linkpage2470.asp   (2090 words)

  
 Bank Islam Malaysia Berhad   (Site not responding. Last check: 2007-11-06)
An Islamic banking licence, he said, resembled a universal banking licence, which allowed an institution to provide its customers with a wide range of financial services.
Ahmad Tajudin said despite the restrictions on foreign banks, the 13 foreign commercial banks operating in the country still commanded 25.5 percent of the total assets of the industry and consistently control over 20 percent of loans portfolio of commercial banks.
Risk management in a banking institution, he explained, was a continuous process of identifying and capitalising appropriate opportunities and avoiding inappropriate exposure.
www.bankislam.com.my /berita_Mac0304_e.htm   (481 words)

  
 Davos Management Institute   (Site not responding. Last check: 2007-11-06)
When many conventional banks collapsed and to be recapitalized by the government or even facing liquidation, Bank Muamalat remained solid and did not incur high losses caused by negative spread.
Bank Muamalat involved heavily in formulating the Central Bank Act No. 10/1998, which adopts the sharia principles as one of the Indonesian banking system.
Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, operating under the Islamic Banking Act 1983, is envisaged to play its role in providing Syariah-compliant banking products and services to Malaysians, irrespective of race or religious beliefs, thus contributing to the development of modern Malaysia..
www.davosmi.com /sponsors.htm   (675 words)

  
 News on Islamic banking, insurance and finance
The establishment of Bank Bumi-Muamalat Malaysia as the country's second Islamic Bank caught many by surprise since Bank Kerjasama Rakyat Malaysia Bhd had been tipped to be the second of such banks after Bank Islam Malaysia Bhd.
Although the immediate direction of Bank Bumi-Muamalat is still unclear, Wan Abdul Rahim hoped that the bank would be the catalyst to the growth of the total asset ratio.
Asked on the performance of Islamic banking in Malaysia, Wan Abdul Rahim said Bank Islam's was not badly affected by the currency crisis unlike conventional banks as it operated on profit-sharing basis, meaning that it shared profits as well as losses with its customers.
www.islamic-banking.com /news/malaysia/archive/require_0499.php   (637 words)

  
 Khaleej Times Online
KUALA LUMPUR - Malaysian Islamic banks are in for tough times with the planned issuance of three new Islamic banking licences to foreign banks this year as part of financial liberalisation, a top bank official warned yesterday.
Ahmad Tajuddin Abdul Rahman, managing director of Bank Islam Malaysia, said the move to bring forward the liberalisation of the Islamic financial sector by three years would result in further de-regulation and easier access for foreign institutions.
Predominantly Muslim Malaysia aims to be a key Islamic financial hub in Asia and last year announced the move to fast-track the liberalisation of the Islamic financial sector by issuing three new licenses to foreign banks this year.
www.khaleejtimes.com /DisplayArticle.asp?xfile=data/business/2004/March/business_March45.xml§ion=business   (355 words)

  
 Shamil Bank -- News   (Site not responding. Last check: 2007-11-06)
Also present at the ceremony were representatives of the other banks involved in the syndication and their legal counsel.
The Co-Arrangers are Bank Islam (L) Ltd and Bank Muamalat Malaysia Berhad, both from Malaysia.
The transaction is Shamil Bank’s inaugural syndicated facility and will be used to improve the maturity matching of assets and liabilities as part of its overall asset and liability management.
www.shamilbank.net /news26.htm   (435 words)

  
 Islamic Banking Making Inroads in Malaysia   (Site not responding. Last check: 2007-11-06)
Malaysia is on its way to becoming the world’s financial center for Islamic banks.
Malaysia’s aspiration to be an Islamic banking hub brings with it also certain responsibilities; the country must find ways to integrate Islamic banks into the international money market.
Malaysia’s central bank issued Islamic bonds to retirees in 2004 and at the beginning of 2005.
www.halaljournal.com /artman/publish/printer_126.shtml   (465 words)

  
 IslamBank.Community :: Easing the Burden on Humanity :: Home of Gen M - The Interest-Free Generation :: Be Debt Free :: ...   (Site not responding. Last check: 2007-11-06)
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=index&catid=&topic=6&POSTNUKESID=7f3ec9a3b688347fc63481ff05f4bac5   (3300 words)

  
 Bank Muamalat Malaysia Bhd   (Site not responding. Last check: 2007-11-06)
BANK MUAMALAT is the nation's second full-fledged Islamic Bank based on the Syariah principle; commencing its operations on 1st Oct 1999.
BANK MUAMALAT is seeking result-oriented people who is capable to contribute innovative ideas and novel approaches to our complex operations, relish challenges and possess the drive and vision to excel.
Bank Muamalat offers competitive remuneration package, inclusive of various staff benefits, comparable to the domestic banking industry.
www.jobstreet.com.my /jobs/2005/5/b/10/188562.htm   (267 words)

  
 Bank Islam Malaysia Berhad   (Site not responding. Last check: 2007-11-06)
KUALA LUMPUR, April 6 (Bernama) -- Bank Islam Malaysia Bhd regards the entrance of foreign players to operate full-fledged Islamic banks in Malaysia as a healthy competition.
He was speaking to reporters after the signing of a memorandum of agreement between Universiti Utara Malaysia (UUM), Bank Islam and Modular Corporation Sdn Bhd for a strategic tie-up on the issuance of UUM Multi Purpose Card (UMPC), which was launched Tuesday.
In September last year, Bank Negara Malaysia (BNM) announced plans to issue up to three new licenses for qualified foreign players to set up Islamic banking operations in the country with the final date of submission for applications being March 31, 2004.
www.bankislam.com.my /berita_Apr0704_e.htm   (292 words)

  
 Directory: Financial Services in Malaysia - Banking > Islamic Banking
Bank Rakyat has a total of 105 branches offering islamic banking facilities to its customers.
Bank Islam is a financial institution providing a wide variety of Islamic products and services, i.e.
Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, operating under the Islamic Banking Act 1983, is envisaged to play its role in providing Syariah-compliant banking products
www.financialplanningmalaysia.com /directory/Banking/Islamic_Banking   (253 words)

  
 List of banks - Wikipedia, the free encyclopedia
Bank of Athens (merged with EFG Eurobank Ergasias)
Central Bank of the Islamic Republic of Iran
Bank Negara Malaysia (The national bank of Malaysia)
en.wikipedia.org /wiki/List_of_banks   (468 words)

  
 Aseambankers: News: Gas Malaysia issues RM700m Islamic bonds   (Site not responding. Last check: 2007-11-06)
GAS Malaysia Sdn Bhd, which sees sales rising substantially in fiscal 2004, has issued RM700 million Islamic bonds to part-finance its pipeline expansion, the first time it is tapping the debt market in 12 years of operation.
Gas Malaysia is issuing RM500 million Al-Mudharabah commercial papers/mediumterm notes with maturities of up to 10 years, and RM200 million Al-Mudharabah medium-term notes with tenors of up to seven years.
Malaysia Rating Corp Bhd has assigned the bonds a long-term rating of "AA+" and a short-term rating of "MARC 1" on Gas Malaysia 's credit.
www.aseam.com.my /news/articles/20040813_biztimes.htm   (472 words)

  
 CSC Malaysia Bank Muamalat Malaysia Berhad (BMMB)   (Site not responding. Last check: 2007-11-06)
The Bank offers a wide range of Deposits, Financing and Banking Products and Services comparable to the conventional banks, to all sectors of the Malaysian economy and all levels of society, irrespective of race, religion or company origin.
The Bank realised it could increase its competitiveness by reducing operational bottlenecks and to have better control over administrative matters as well as resources through technology which meant going "electronic".
In the near future, the Bank plans to have similar systems implemented within its 40 branches, Trade Finance and Service Centres nationwide, a move that is in line with its mission of being strong, progressive and modern.
my.country.csc.com /en/mcs/mcs567/2275.shtml   (1230 words)

  
 Persatuan Insuran Am Malaysia - Insurance News
BANK Negara announced that the Minister of Finance has approved the introduction of a deposit insurance scheme for Malaysia whereby deposits will be insured up to the prescribed limit of RM60,000 per depositor, per member institution.
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz, who launched the FMB in Kuala Lumpur yesterday, said the limit in cases falling within the bureau's jurisdiction has been increased to allow more people to have access to it for mediation.
ANOTHER nine banks and finance companies have made it compulsory for used cars to be checked at the Puspakom computerised vehicle inspection centre to ensure their roadworthiness and legal status before loans for their purchases are approved.
www.piam.org.my /news/insnews/ins_news.asp   (20325 words)

  
 Association of Bank Officers v The Director General of Trade Unions [HCM]
Under the merger, the conventional banking assets of BBMB were transferred to BOC and BBMB took over the Islamic banking assets of BOC.
Subsequent to the merger exercise, BBMB was renamed as Bank Muamalat Malaysia Bhd (Bank Muamalat) and BOC was renamed as Bumiputra Commerce Bank Bhd (BCB).
With the merger, the former employees of BBMB who were now employees of BCB, wanted to maintain their "kepak identity" and decided to form an in house union and applied to the first respondent for a new union to be registered in BCB.
www.ipsofactoj.com /highcourt/2004/Part4/hct2004(4)-003.htm   (2859 words)

  
 Daily Express, Sabah, Malaysia -- News Headlines
She said to meet the needs of SMEs, the appointments of Bank Islam and Bank Muamalat would enable the banks to offer Islamic financial instruments as an alternative to conventional banking.
She was speaking at the signing of memoranda of understanding with the two banks here Tuesday.
At the ceremony, Smidec also signed an agreement with Telekom Malaysia for it to be the main sponsor in major programmes being organised by Smidec, namely the Asian SME Convention 2005, Smidex 2005 exhibition and Enterprise 50 Awards for enterprising home-grown companies.
www.dailyexpress.com.my /news.cfm?NewsID=35744   (510 words)

  
 Malaysi   (Site not responding. Last check: 2007-11-06)
Bank Kerjasama Rakyat Malaysia Berhad - Established in 1954 under the Co-operative Ordinance of 1948.
Bank Muamalat Malaysia - Second islamic bank, provides consumer and business banking services in Malaysia.
HSBC Bank Malaysia Berhad - Provides corporate and personal banking for the residents of Malaysia.
www.oxalia.org /verzeichnis/Business/Financial_Services/Banking_Services/Banks_and_Institutions/Regional/Asia/Malaysia   (328 words)

  
 MALAYSIA: FIRST FOREIGN ISLAMIC BANK TO OPEN   (Site not responding. Last check: 2007-11-06)
Kuala Lumpur, 11 May (AKI) - Malaysia's central bank, Bank Negara Malesia, announced that the first of three foreign Islamic Banks is to open in the country before the end of this year.
Malaysia already has three local Islamic banks - Bank Islam, Bank Muamalat and RHB Bank - in full operation, while a few others are to open soon.
The Islamic banking system, which follows Shariah law, does not allow interest to be charged on loans or to be paid out on bank account deposits.
www.adnki.com /index_2Level.php?cat=Business&loid=8.0.165605662&par=0   (255 words)

  
 Alltel   (Site not responding. Last check: 2007-11-06)
With US$1.35 billion in assets, 40 branches, six retail service outlets and close to one million customers, Bank Muamalat is the second largest Islamic bank in Malaysia.
Bank Muamalat staff have quickly adapted to the Alltel solutions and are already seeing improved operational efficiencies and enhanced customer service," added Shukri.
"The close cooperation between Bank Muamalat, Alltel and EPIC-I, the Bank's outsourcing service provider, was instrumental to the success of this project," said Caspar de Wijkerslooth, general manager for Alltel in Malaysia and Indonesia.
www.alltel.com /corporate/media/news/02/oct/n411oct2102b.html   (416 words)

  
 Brudirect.com  - News Updates
The Malaysian central bank is in the process of short-listing three foreign banks for an Islamic banking licence.
Islamic banking "would only grow bigger" in tandem with population growth and a higher level of education among them.
Islamic banking is a serious business for HSBC, Iqbal emphasised, and the bank paid a lot of attention to ensure that "all the products were guided, supervised and reviewed by an independent Syariah Supervisory Committee, which comprised of four of the most renowned and respected scholars in the field if Islamic finance and investment."
www.brudirect.com /DailyInfo/News/Archive/Apr04/270404/bb22.htm   (462 words)

  
 Malaysia Business, Directory   (Site not responding. Last check: 2007-11-06)
HSBC Bank Malaysia Berhad Provides corporate and personal banking for the residents of Malaysia.
Bank Muamalat Malaysia Second islamic bank, provides consumer and business banking services in Malaysia.
Bank Kerjasama Rakyat Malaysia Berhad Established in 1954 under the Co-operative Ordinance of 1948.
www.sigmbi.org /c2lnXzE5MDYyOQ==.aspx   (285 words)

  
 Bank Muamalat Malaysia - Encyclopedia Glossary Meaning Explanation Bank Muamalat Malaysia   (Site not responding. Last check: 2007-11-06)
Bank Muamalat Malaysia - Encyclopedia Glossary Meaning Explanation Bank Muamalat Malaysia.
Here you will find more informations about Bank Muamalat Malaysia.
The orginal Bank Muamalat Malaysia article can be editet
www.encyclopedia-glossary.com /en/Bank-Muamalat-Malaysia.html   (197 words)

  
 Banking Services/Banks and Institutions/Regional/Asia/Malaysia resources
Provides corporate and personal banking for the residents of Malaysia.
The life insurance subsidiary of Maybank, the largest banking group in Malaysia.
Malaysian bank provides a wide range of banking, investment and treasury services.
www.infounlimited.com /dir/Banking_Services/Banks_and_Institutions/Regional/Asia/Malaysia   (218 words)

  
 Admission requirements - Master of Management (MMgt) University Malaysia
International students in Malaysia need to obtain a Student Pass from the Malaysian Immigration Department.
You are of good health and character and that you have a genuine intention to enter Malaysia solely for study purposes and intend to leave Malaysia upon completion of your studies.
Once you reach Malaysia, you are required to hand-over your passport to the Management Centre in order for us to arrange for your student visa.
www.managementcentre.com.my /management/managementadmission.htm   (595 words)

  
 Utusan Malaysia Online - Economy
KUALA LUMPUR Feb 3 - Bon Simpanan Malaysia Siri 03 (BSM 03) which was issued by Bank Negara Malaysia (BNM) in February 2002 matured on Monday, Feb 2 2004, said the central bank in a statement here Saturday.
The BSM 03 can be redeemed at the agent banks or their branches namely Alliance Bank Malaysia Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd and Bumiputra-Commerce Bank Bhd, EON Bank Bhd, Hong Leong Bank Bhd, Malayan Banking Bhd, Public Bank Bhd and RHB Bank Bhd.
BNM said upon maturity, bondholders' accounts with the agent banks or their branches would be automatically credited with the full amount invested plus the final interest or profit payment on the same day.
www.utusan.com.my /utusan/content.asp?y=2004&dt=0204&pub=Utusan_Express&sec=Economy&pg=ec_04.htm   (228 words)

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