17 June 2019, Monday | 06:11pm

MBSB aims to be fully syariah-compliant in two years

2019-06-11

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) expects to have fully syariah-compliant securities on Bursa Malaysia within two years, with MBSB Bank eventually being the holding company.

President and CEO Datuk Seri Ahmad Zaini Othman (pix) said over 85% of its conventional assets have been converted into Islamic assets with about 12% remaining to be done.

“It opens up more opportunities for us. (Having) Syariah-compliant stocks is easier to attract more investments,“ he told a press conference after its AGM here.

In April 2018, MBSB became a full fledged Islamic bank after it acquired Asian Finance Bank.

Source;TheSundaily/https://bit.ly/2wMD0eF

 

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