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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

AmIslamic aims to raise RM100 mln from Amadvantage Plus NID-i

Posted on 22 July 2011

AmIslamic Bank, the Islamic banking arm of AmBank Group, aims to raise RM100 million from its latest financial product, AmAdvantage Plus Islamic Negotiable Instrument of Deposit (AmAdvantage Plus NID-i).
Managing Director cum Chief Executive Officer Datuk Mahdi Murad said the instrument was targeted at customers who were bullish of the global demand for commodities such as oil, corn, copper and cotton while protecting them from price volatility in the market……………………………………….Full Article: Source

 
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