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OFFICIAL… Prime Minister Datuk Seri Abdullah Ahmad Badawi showing the Third IDB 1440H Vision Document after launching it in Kuala Lumpur, on March 23. The document was prepared by the IDB Vision Commission chaired by former Prime Minister Tun Dr Mahathir Mohamad. Pix: Bernama ..more |

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Bank Islam Malaysia Bhd started operations as Malaysia’s first Islamic bank in 1983. Set up with an initial authorised capital of RM500 million and a paid-up of RM 79.9 million, the bank has gradually increased its authorised and paid-up capital to RM2 billion and RM563 million respectively. The second full-fledged Islamic bank to be established in Malaysia was Bank Muamalat Malaysia Bhd, which started its operations in 1999.
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