Photo: Bank Islam headquarters in Kuala Lumpur, Malaysia, on May 25, 2014. TK Kurikawa/Shutterstock.com

Islamic Finance

Malaysia’s Bank Islam Group third-quarter profit rises 7.24%


Malaysia’s Bank Islam Group posted 7.24% increase in profit before tax for the third-quarter compared to the same three months last year.

The bank reported in a bourse filing on Friday (Nov 29) 317.8 million ringgit ($76.16 million) in profit before zakat and tax for July-September versus 296.35 million ringgit for the corresponding quarter in 2018.

The Group is the parent company of Bank Islam, Syarikat Takaful Malaysia Keluarga and BIMB Securities.

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Earnings