From Reuters: Malaysia’s state-run pilgrim fund will double its stake in Bank Islam to about 20 percent after taking up preference shares alloted to another shareholder, Dubai Group, the Business Times reported on Thursday, citing sources.

The sources said it meant Bank Islam, Malaysia’s No 2 sharia bank, had managed to raise 540 million ringgit ($158 million) to strengthen its Tier 1 capital — an exercise that stalled after Dubai Group refused the initial offer last week………………..Full Article: Source