The insurer said the agreement, on a “co-insurance” basis with the insurance sector, will be for four years.

BIMB said the plan is for a placement of new shares of up to 800 million ringgit, a scheme of arrangement to settle outstanding warrants, an internal reorganisation, distribution and capital repayment, and transfer of listing to Bank Islam.

The study is based on a survey of 180 companies worldwide spanning five categories, including fintechs, financial institutions, and investors.

A survey of 90 Islamic fintechs found that on average, almost a quarter of their staff is female.

The study is based on a survey with 180 companies worldwide across five categories: fintechs, ecosystem players, service providers, financial institutions, and investors.

The amount of financing will be determined based on the shares to be allocated to the company after the Aramco subscription.

The 5-year sukuk was priced at a profit rate of 0.037%.

The participation banks, posted $341 million in net profit versus $380 million at the same time last year.

The bank reported 317.8 million ringgit ($76.16 million) in profit before zakat and tax for July-September.