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Bank Islam to launch new structured product

Posted on 27 October 2009

From Btimes.com.my: Bank Islam Malaysia Bhd, the country’s oldest Islamic lender, will launch a new structured deposit fund with an initial size of RM300 million this fiscal year, to improve its non fund-based income.

Its non-fund based income contributed 10 per cent to its total consumer banking revenue for the financial year ended June 30 2009, from 5.8 per cent a year earlier…………………….Full Article: Source

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