Malaysia’s Maybank Islamic banking third-quarter net profit up by 4.65%
Malaysia’s Maybank posted 4.65% increase in net profit for its Islamic banking business for the third-quarter compared to the same three months last year.
Maybank reported 634.47 million ringgit ($152 million) in profit after tax and zakat for its Islamic banking business for July-September versus 606.26 million ringgit for the corresponding quarter in 2018, it reported in a filing with Bursa Malaysia on Thursday (Nov 28).
This percentage growth is higher than for its overall Group’s net profit, which nudged up 1.7% to 2.04 billion ringgit compared to 2.01 billion ringgit.
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