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Bank Islam Malaysia Berhad (Jawi: بڠك اسلام مليسيا برحد ) is an Islamic bank based in Malaysia. It was established in July 1983. [ 1 ] Bank Islam was established primarily to address the financial needs of the country's Muslim population and extended its services to the broader population.
Southern Bank Berhad (SBB): founded as Southern Banking Ltd in 1965, starting out in Penang and expanded to Kuala Lumpur. Its products included wealth-management products, credit cards and loans for small and medium enterprises (SME). Bank Bumiputra Malaysia Berhad (BBMB), incorporated in 1965.
With the result of the merger, PayNet is now the holding company for the PayNet Group which comprises two main subsidiaries, namely Malaysian Electronic Payment System Sdn Bhd (MEPS) and MEPS Currency Management Sdn Bhd (MCM). The PayNet Group is Malaysia's premier payments network and central infrastructure for financial markets.
EON Bank Berhad is a licensed banking and finance company operating under the regulations of Bank Negara Malaysia under the provisions of the Banking and Financial Institutions Act, 1989. EON Bank is principally engaged in the provision of a comprehensive range of both conventional and Islamic banking services and products.
Malaysia has 16 fully-fledged Islamic banks including five foreign ones, with total Islamic bank assets of US$168.4 billion, which accounts for 25% of the Malaysia's total banking assets. [2] This in turn accounts for over 10% of the world's total Islamic banking assets.
Citibank Berhad is a licensed commercial bank [1] operating in Malaysia with its headquarters in Jalan Ampang, Kuala Lumpur. [2] [7] Citibank Berhad operates as a subsidiary of Citigroup Holding (Singapore) Private Limited, commencing its banking operations in Malaysia since 1959. [8] Citibank Berhad was locally incorporated in 1994.
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]
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