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, 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 Global Investment House of Kuwait (10%).
To date, our authorized capital is RM1 billion with current paid up capital recorded at RM355 million (USD100 million).
Asian Finance Bank is committed to being a truly regional bank, offering a complete suite of Shariah-compliant products covering consumer, commercial (including SME and trade finance), corporate, treasury and investment banking.
Asian Finance Bank opened its first Bank branch on January 19, 2007, and in the following two to five years, will increase the number of branches to between five and seven, opening in major cities in Malaysia.
Using Malaysia as a hub, Indonesia is Asian Finance Bank's second entry into the Asian region, through its recently authorized representative office in Jakarta. Asian Finance Bank is the first Malaysian bank to be granted a license from Bank Indonesia for opening a Shariah Representative Office in that country.
With a vision to have total representation in the region, Asian Finance Bank will continue to make footprints across the region for a share of Asia's Islamic Banking sector.
|