Latest news with #BankIslam
Yahoo
a day ago
- Business
- Yahoo
Bank Islam Malaysia Berhad First Quarter 2025 Earnings: EPS: RM0.056 (vs RM0.057 in 1Q 2024)
Revenue: RM587.8m (up 2.9% from 1Q 2024). Net income: RM126.3m (down 2.3% from 1Q 2024). Profit margin: 22% (down from 23% in 1Q 2024). The decrease in margin was driven by higher expenses. EPS: RM0.056 (down from RM0.057 in 1Q 2024). AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Banks industry in Malaysia. Performance of the Malaysian Banks industry. The company's shares are down 4.1% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Bank Islam Malaysia Berhad's balance sheet and an in-depth analysis of the company's financial position. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Free Malaysia Today
3 days ago
- Business
- Free Malaysia Today
Ex-consultant jailed 5 years over RM85.5mil investment fraud
The Kuala Lumpur sessions court found the former financial consultant guilty of defrauding Intellectual Property Corporation of Malaysia of RM85.5 million. KUALA LUMPUR : A former financial consultant was sentenced to five years' jail today after he was found guilty of cheating the Intellectual Property Corporation of Malaysia (MyIPO) of RM85.5 million. He was also convicted on four other charges of money laundering. Sessions court judge Suzana Hussain said the prosecution had proved its case against Ahmad Azwan Aboo Mansor, 54, beyond a reasonable doubt. She sentenced Azwan to five years' jail on each of the five charges, to be served concurrently beginning today. However, she allowed Azwan's application for a stay of the jail term pending the disposal of his appeal. He was freed after posting bail of RM150,000. The court also ordered that two vehicles purchased by Azwan using the illegal proceeds be confiscated by the government. Azwan was convicted of defrauding MyIPO by misleading a senior officer into investing in a scheme called BIMB i-Fund with a promised 6% annual return, when in fact it was a unit trust investment known as the BIMB i-Dividend Fund. He was charged with fraudulently inducing MyIPO to invest RM85.5 million into the BIMB account on Nov 25, 2015. He was also convicted of four money laundering offences involving RM3.9 million committed at Bank Islam's Taman Melawati branch between January 2016 and December 2017. Deputy public prosecutors Haresh Prakash Somiah, Afif Ali and Rozaliana Zakaria appeared for the prosecution while Harjinder Singh Sandhu acted for Azwan.
The Star
3 days ago
- Business
- The Star
Bank Islam registers 1Q earnings dip to RM126.27mil
KUALA LUMPUR: Bank Islam Malaysia Bhd delivered a modest first-quarter performance in 2025, which underpinned by a surge in non-fund based income, although there was also an increase in the net allowance for impairment on financing and advances. The bank reported a net profit of RM126.27mil, slightly lower than RM130.73mil in the year-ago quarter, while revenue rose to RM1.23bil from RM1.14bil in the same quarter of the previous year. Quarterly earnings per share dipped to 5.57 sen form 5.77 sen in the comparative quarter. According to the bank, non-fund-based income jumped 50.3% to RM133.6mil supported by higher fees and commission income, increased foreign exchange transactions income and net gains from the sale of investment securities. Net fund-based income rose 2.1% to Rm539.8mil, driven by growth in financing and investment securities. However, the group reported net allowance for impairment on financing and advances rose RM37.5mil to RM79.8mil in the quarter, primarily due to an increase in net new impaired financing. The group said its asset quality remaine dstrong, with its gross impaired financing ratio standing at 1.08% as of March31, 2025, well below the industry average of 1.42%. "As a forward-looking, Shariah-compliant financial institution, we continue to evolve with customer expectations while leveraging technological advancements in Islamic finance. "Our continued focus on responsible banking and long-term sustainable growth reinforces Bank Islam's leadership in shaping a more inclusive, resilient, and future- ready financial ecosystem,' said group CEO Datuk Mohd Muazzam Mohamed in a statement. During the quarter, gross financing grew 6% year-on-year (y-o-y) to RM71.8bil, driven by a 6.5% increase in consumer financing and a 10.4% rise in commercial financing. Customer deposits and investment accounts rose 5.5% y-o-y to RM80.6bil. As of March 2025, current, savings and transactional investment accounts (Casatia) stood at RM30bil, representing a composition of 37.2%.
Malay Mail
10-05-2025
- Malay Mail
Activate debit cards before Haj to withdraw cash, Tabung Haji tells pilgrims bound for Mecca
MAKKAH, May 10 — Lembaga Tabung Haji (TH) has advised haj pilgrims to activate their TH Debit-i cards before departing for the Holy Land to enable smooth cash withdrawals. TH Financial Operations director Shamsul Bahar Shamsudin said the card must be activated beforehand for overseas transactions. 'We have received numerous complaints regarding pilgrims who failed to activate their cards in Malaysia. Bank Islam has set up a special counter at the departure hall of the Movenpick Convention Centre KLIA in Sepang to assist pilgrims with card activation,' he told reporters here. He said the exchange rates are competitive, and pilgrims will not be charged transaction fees. 'The typical foreign transaction fees charged by local banks here range from 10 to 15 Saudi Riyals (RM11.50 to RM17.18) per withdrawal. However, Bank Islam will fully cover these fees, so pilgrims don't need to worry about additional charges when making withdrawals,' he added. Meanwhile, Shamsul stated that TH has recorded 374 cases related to ATM cards among Malaysian pilgrims as of May 7, including issues such as overseas card activation, card loss, card damage, and PIN problems. 'For lost ATM cards, pilgrims must immediately go to the TH counter to report. The old card will be cancelled immediately, and a new card will be issued. Pilgrims only need to go to the counter for the replacement process. 'If the loss occurred outside of operating hours, they could inform the staff at their respective accommodation to get help,' he said, advising haj pilgrims to exercise extra caution with their ATM cards while in the Holy Land to prevent loss, damage, or misuse. — Bernama
Yahoo
18-02-2025
- Automotive
- Yahoo
Malaysian police and local bank warn public about 'lottery scam'
"Congratulations to the loyal customers of Bank Islam Malaysia. We have prepared many cash prizes for teachers!" reads a Malay-language Facebook post shared on January 21, 2025. It adds that prizes include 18 million Malaysian ringgit ($4.06 million), a Harley Davidson motorcycle, and a BMW sports car. Images attached to the post show people displaying their prizes in front of the Bank Islam logo, and a graphic that appears to depict all the prizes on offer. Users are then encouraged to click a link in the post or in the page's bio for more information and to register for the purported lottery. Similar posts touting Bank Islam's purported lottery were shared elsewhere on Facebook here, here and here. But Bank Islam and the Malaysian police have both warned that such posts are a scam. AFP has previously debunked similar scam posts that impersonated government agencies to supposedly offer loans and free driving licences. Keyword searches on Google led to a post published on Bank Islam's verified Facebook page on February 3, 2025, warning people to beware of "fake accounts" that use the bank's name and logo online (archived link). "If you suspect that you have been a victim of fraud, immediately contact Bank Islam for assistance or contact the National Scam Response Centre (NSRC) at 997," read the Malay-language post. Attached to the Bank Islam message is a post from January 20 that has a "false" label superimposed across it. The bank said in a February 9 statement that all campaign promotions are conducted exclusively through its official platforms and channels (archived link). "We will never request personal or sensitive information such as account numbers, passwords or OTP (one-time password) codes through websites or social media accounts for any campaign," the bank added. The links included in the false post are no longer accessible but, according to a Malaysian police statement, one scam victim who clicked on a link was taken to a website that imitated Bank Islam's official website and asked for online banking details (archived link). A reverse image search of the photo used in the false post led to an article by the Sinar Harian newspaper published on February 22, 2023 (archived link). According to the article, the bank held a lucky draw in Malaysia's capital, Kuala Lumpur, for their customers who held an Al-Awfar investment account. Account holders are eligible for different lucky draw prizes depending on the amount of money they deposit and whether they maintain a minimum account balance (archived link). A separate reverse image of the graphic used in the false posts led to the verified Instagram page of Bank Islam, which shared a similar graphic on September 22, 2023 (archived link). The version shared in the false posts, however, has several altered elements including text that indicated the prizes were for eligible Al-Awfar account holders and a logo indicating it was shared in 2023.
