Affin Islamic Bank Bhd, Bank Islam Malaysia Bhd, Bank Muamalat Malaysia Bhd and Maybank Islamic Bhd have established a consortium to develop a multi-bank platform to market investment account products.
The consortium, known as Raeed Holdings Sdn Bhd, is equally owned by the four banks.
The board of Raeed comprises CEOs of the four banks.
Raeed chairman Datuk Zamani Abdul Ghani said the establishment of the consortium is a ground-breaking initiative in the Malaysian Islamic finance industry.
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The consortium, known as Raeed Holdings Sdn Bhd, is equally owned by the four banks.
The board of Raeed comprises CEOs of the four banks.
Raeed chairman Datuk Zamani Abdul Ghani said the establishment of the consortium is a ground-breaking initiative in the Malaysian Islamic finance industry.
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