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Islamic Finance Briefing - Categorized | Banking, Performance more

Unicorn Malaysia announces maiden net profit

Posted on 27 March 2009

From Cpifinancial.net: Unicorn International Islamic Bank Malaysia Berhad has reported a net profit of MYR 812,546 ($223,993) for 2008, its first full year of operation with an international Islamic bank license awarded under the Malaysia International Islamic Financial Centre (MIFC) initiative. Unicorn Malaysia is a wholly-owned subsidiary of Bahrain-based Unicorn Investment Bank.

Commenting on the Bank’s results, Dato’ Vaseehar Hassan Abdul Razack, Chairman of Unicorn Malaysia, said: “I am very happy to announce the bank’s maiden profit, which was achieved against the backdrop of an exceptionally challenging global economic environment. ….Full Article: Source

 
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