Potential buyers of Malaysia’s RHB Capital Bhd. (RHBC) can grab an increasing share of the biggest market for Islamic bonds at a 24 percent discount to the bank’s rivals. RHB, whose Islamic banking profits rose ten times faster than total earnings last year, will become Malaysia’s largest stock broker after its acquisition of OSK Investment Bank Bhd., according to data compiled by Malaysia’s stock exchange.
As heightened competition from foreign lenders spurs mergers among Malaysia’s banks, the OSK purchase will further boost RHB’s allure, with the Islamic banking franchise also attractive for overseas bidders, Alliance Research Sdn. said………………………………………..Full Article: Source