ID :
211520
Thu, 10/06/2011 - 11:58
Auther :
Shortlink :
https://www.oananews.org//node/211520
The shortlink copeid
ALKHAIR PLANS TO INCREASE PAID-UP CAPITAL TO US$74 MLN
KUALA LUMPUR, Oct 6 (Bernama)-- Alkhair International Islamic Bank Bhd, formerly known as Unicorn International Islamic Bank Bhd, aims to increase its paid-up capital by US$50 million to US$74 million by year-end.
Chief Executive Officer Ikbal Daredia said the move was in line with the bank's vision to establish a business hub in malaysia and to emerge as a major industry player.
"We have sent our proposal to Bank Negara Malaysia and are awaiting their approval," he told reporters here today after the launch of the bank's new name and corporate branding by the Raja Muda of Perak Dr Raja Nazrin Shah, who is also the financial ambassador of the Malaysia International Islamic Financial Centre (MIFC).
Going forward, Ikbal said the bank was eyeing to acquire a smaller bank, a departure from its previous move to acquire a large bank, and was in the midst of soughting approval from the central bank.
"Right now we are looking at smaller institutions that can provide us synergy for strategic businesses that we have in Malaysia.
"We hope the acquisition will also allow us to trade in ringgit as well," he added.
Alkhair is the first foreign Islamic bank which is licenced to conduct a full range of non-ringgit banking activities under the MIFC initiative.
The bank focuses primarily on three main lines of business namely capital markets, corporate banking and treasury, and its total asset in Malaysia is currently worth over US$200 million.
-- BERNAMA
Chief Executive Officer Ikbal Daredia said the move was in line with the bank's vision to establish a business hub in malaysia and to emerge as a major industry player.
"We have sent our proposal to Bank Negara Malaysia and are awaiting their approval," he told reporters here today after the launch of the bank's new name and corporate branding by the Raja Muda of Perak Dr Raja Nazrin Shah, who is also the financial ambassador of the Malaysia International Islamic Financial Centre (MIFC).
Going forward, Ikbal said the bank was eyeing to acquire a smaller bank, a departure from its previous move to acquire a large bank, and was in the midst of soughting approval from the central bank.
"Right now we are looking at smaller institutions that can provide us synergy for strategic businesses that we have in Malaysia.
"We hope the acquisition will also allow us to trade in ringgit as well," he added.
Alkhair is the first foreign Islamic bank which is licenced to conduct a full range of non-ringgit banking activities under the MIFC initiative.
The bank focuses primarily on three main lines of business namely capital markets, corporate banking and treasury, and its total asset in Malaysia is currently worth over US$200 million.
-- BERNAMA
