Malaysia Building Society Bhd (MBSB), one of the non-conventional banks in the local financial industry, is on track to obtaining a full-fledged Islamic banking licence with plans under way for a merger with Bank Muamalat.
Sources said the plans were being crafted as part of MBSB’s vision to obtain a full-fledged Islamic banking licence.
Currently, the largest shareholder in Bank Muamalat is DRB-Hicom Bhd, which controls 70% of the group, followed by the Government’s investment arm Khazanah Nasional Bhd that has a 30% stake.
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Sources said the plans were being crafted as part of MBSB’s vision to obtain a full-fledged Islamic banking licence.
Currently, the largest shareholder in Bank Muamalat is DRB-Hicom Bhd, which controls 70% of the group, followed by the Government’s investment arm Khazanah Nasional Bhd that has a 30% stake.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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