July 26, 2014 2:24 PM ET

Banks

Company Overview of RHB Islamic Bank Berhad

Company Overview

RHB Islamic Bank Berhad provides Islamic banking products and services in Malaysia. The company offers savings and current accounts, and term deposits; home, property, vehicle, and personal finance; credit and debit cards; wealth management, including will writing services, estate administration, trusteeship, declaration of ‘Harta Sepencarian’, declaration of Hibah, Wakaf documentation, and Hibah services; privilege ladies banking; and pawn broking services. It also provides private debt securities issuances, financings restructuring and syndication, and general and project advisory services; term, revolving, and hire purchase financing services; remittance services and investment products; ...

Menara Yayasan Tun Razak

Level 11

200, Jalan Bukit Bintang

Kuala Lumpur,  55100

Malaysia

Founded in 2005

Phone:

60 3 2171 5000

Fax:

60 3 2171 5001

Key Executives for RHB Islamic Bank Berhad

Chief Executive Officer
Age: 58
Group Chief Financial Officer
Group Chief Operations Officer
Executive Director of Group International Business and Chief Executive Officer of Osk Investment Bank Berhad
Age: 57
Head of Enterprise Banking
Compensation as of Fiscal Year 2014.

RHB Islamic Bank Berhad Key Developments

RHB Islamic Bank Berhad Reports Earnings Results for the First Half of 2013

RHB Islamic Bank Berhad reported earnings results for the first half of 2013. RHB Islamic Bank Berhad achieved a pre-tax profit of MYR 93.8 million for the first half of 2013, marginally lower from MYR 94.2 million recorded a year ago.

RHB Islamic Bank Berhad Appoints Encik Ibrahim Hassan as New Chief Executive Officer/Managing Director, Effective from September 2, 2013

RHB Capital Berhad announced the appointment of Encik Ibrahim Hassan as the new Chief Executive Officer/Managing Director of RHB Islamic Bank Berhad. Encik Ibrahim will assume the position with effect from September 2, 2013. Prior to his appointment, Ibrahim was the President Director at PT Bank Maybank Syariah Indonesia. In his capacity as Chief Executive Officer/Managing Director of RHB Islamic Bank, Ibrahim will be responsible for overseeing the Group's overall Islamic Banking business and operations, including driving its revenue, expanding the Group's product range and customer portfolio growth across local and international boundaries.

RHB Islamic Bank Berhad Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2013

RHB Islamic Bank Berhad reported unaudited earnings results for the first quarter ended March 31, 2013. The company achieved a pre-tax profit of MYR 53.0 million for the first three months of 2013, significantly lower than the profit for the previous year corresponding period of MYR 100.7 million. This was mainly attributable to a net write back of loan loss provision of MYR 15.1 million recorded in the previous year compared to a net allowance for loan impairment this quarter of MYR 9.1 million, absence of unrealised gain on derivatives for hedging totaling MYR 12.9 million and higher other operating expenses by MYR 9.0 million.

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