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Malaysia rejects BIMB sukuk planMalaysia's central bank has rejected plans by BIMB Holdings to issue an Islamic bond and raise $884 million it needs to gain full control of Bank Islam, the country's oldest and largest standalone Islamic bank. BIMB last m More… |
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Dubai Group unit sells stake in Bank IslamDubai Financial Group, a subsidiary of diversified financial services company Dubai Group, has sold its 30.5 per cent stake in Bank Islam to BIMB Holdings, a Malaysia-based investment holding company. The agreement was signed betw More… |
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Dubai Financial declines share offer: Bank IslamDubai Financial Group (DFG), a global financial services company, has refused an offer to buy preference shares in Malaysia's Bank Islam, in which it holds a 40 per cent stake, the Malaysian lender said on Thursday. Bank Islam, which is Ma More… |
