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.