Tagged: The Borneo Post

RHB islamic to provide financing facility to Sarawak mosque body

RHB islamic to provide financing facility to Sarawak mosque body

<p>RHB Islamic Bank has agreed to offer Lembaga Pengarah Amanah Kebajikan Masjid Negeri Sarawak with a RM300 million Istisna&rsquo;/Ijarah Term Financing Facility. RHB said the facility, with a financing tenure of 10 years, is intended for the construction of Baitul Makmur II, an 18-storey office/commercial building located in Kuching, Sarawak. Upon completion, Baitul Makmur II will house several Sarawak state ministries. This deal would represent one of RHB Islamic Bank&rsquo;s single largest financing loans to Sarawak state-related group of companies.</p>
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<p><a href="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/" title="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/">http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing…</a></p>
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Great Eastern Takaful appoints new CEO

Great Eastern Takaful appoints new CEO

Great Eastern Takaful Sdn Bhd (Great Eastern Takaful) has appointed Zafri Abdul Halim as the CEO, effective from March 1, 2013. Before, he was the company’s chief financial officer. Zafri holds a Master of Science in Project Management from George Washington University and a Bachelors Degree in Accountancy in addition to being a member of Malaysian Institute of Accountant and a certified Chartered Accountant. He said, Great Eastern Takaful will pursue its main strategies in penetrating the local market with its dual agency approach and direct agency under Great Eastern Takaful Own Agency (GOA).

‘Convergence in global syariah interpretation’

‘Convergence in global syariah interpretation’

Differences seen in interpretation of syariah compliance among various Islamic finance markets are disappearing as there has been inter-market convergence of respective interpretations on a global scale moving forward. According to the chief executive …

Standard Chartered launches first Saadiq branch in S’wak

Standard Chartered launches first Saadiq branch in S’wak

Standard Chartered Saadiq Bhd (Saadiq), a wholly-owned Islamic bank subsidiary of Standard Chartered Bank Malaysia, launched its first branch in the state Sarawak. Saadiq chief executive officer (CEO) Wasim Saifi opened the branch located in Kuching, which was witnessed by Standard Chartered Malaysia consumer banking country head Sonia Wedrychowicz and government officials as well as the bank’s customers, partners and staff. Saadiq stated that the new branch opened seven days a week, extending its operations to weekends in order to improve customer access to the bank’s facilities and services.