Currently, Asian Finance Bank Berhad (AFB) is one of the three foreign Islamic Banks that has been granted a license by Bank Negara Malaysia ( The Central Bank of Malaysia ) to undertake Islamic Banking business. Asian Finance Bank is regulated and supervised by Bank Negara Malaysia under the Islamic Banking Act, 1983.

Asian Finance Bank Berhad, a full-fledged Islamic Bank that was incorporated on 28 November 2005 and backed by a consortium of shareholders from leading Middle Eastern financial institutions – Qatar Islamic Bank and associates (70%), RUSD Investment Bank Inc of Saudi Arabia (20%) and Financial Assets Bahrain W.L.L (10%).