Bank Rakyat’s target of RM2 billion profit before tax and zakat for fiscal year 2012 will likely be reached, according to its chairman Tan Sri Dato Sri Sabbaruddin Chik. According to him, until end of the third quarter last year, Bank Rakyat recorded a profit before tax and zakat of RM1.62 billion, an increase of 8.1 percent from RM1.5 billion for the same period the previous year.
He said based on Top 500 Islamic Financial Institutions Report (November 2011-November 2012), Bank Rakyat had assets value of RM77.46 billion until September 2012, making it the largest Islamic cooperative bank in Malaysia and Southeast Asia………………………………………..Full Article: Source