I heard KFH is looking for exit Msia market.

I saw alliance having promo
e-Alliance term deposit i.. 4.1% pa for 12 mths placement minimum 10k..

so i rentas from public bank..
Once receive.. put as per instructed...

then the online statement come out with rate = 3.3%

Why i so black kid one ??

Wow, I think this is the highestt eFD rate to date. I've checked in their website, this promo will last until 31 May 2015. How come yours with rate 3.3%?

seriously? source pls

Kuwait Finance House KSC, the first foreign Islamic bank to operate in Malaysia, is weighing a sale of its operations in the Southeast Asian nation, people familiar with the matter said.

Kuwait Finance House is working with Credit Suisse Group AG to consider strategic alternatives for the Malaysian business, the people said, asking not to be identified as the process is private. The unit has a book value of 1.7 billion ringgit ($478 million), according to its 2014 annual report.

The possible disposal comes after Kuwait Finance House said in March it will focus on expansion in the Middle East and North Africa. Banks in the six-member Gulf Cooperation Council will increase total loans about 10 percent this year as they take advantage of the region’s strong growth prospects, ratings company Standard & Poor’s wrote in an Oct. 13 report.

A purchase would add to the $2.7 billion of bank acquisitions in Malaysia over the past five years, data compiled by Bloomberg show. In January, CIMB Group Holdings Bhd. scrapped an all-stock merger with RHB Capital Bhd. that would have valued its smaller rival at 1.44 times book value.

Net income at Kuwait Finance House (Malaysia) Bhd., which started operations in 2005, fell 5 percent last year to 92.8 million ringgit while its parent increased profit 9.1 percent over the same period. Representatives for Kuwait Finance House didn’t immediately respond to phone calls and an e-mail seeking comment.

The Malaysian unit had total assets of 10.5 billion ringgit at the end of December, the annual report shows. Its operations include retail and commercial banking, home financing, corporate advisory, asset management and an arm operating in the offshore financial center of Labuan.

reported in Bloomberg:

http://www.bloomberg.com/news/articles/201...sian-operations

Kuwait Finance House Said to Weigh Sale of Malaysian Operations

So, if they leave Malaysia without someone take over their business, what will happen to our deposits?

No CASA. Straight FD Islamic account. I just placed my FD today.

rentas is RM5.30. Counter staff said after 12 noon, if IBG the fund will only available the next day. Can anyone verify this? Thank you

If i am looking for FD for a year (12months) and if the promo from some banks e.g. UOB, CIMB and OCBC are all the same - the effective rate of 4.2% for a year - what are the considerations to pick btw them.

I know that these banks got certain elements to the promo - break down the interests rate (OCBC) or unfixed (CIMB) - but lets say i confirm keeping it for 12 months and I am only concerned abt the effective rate.

Is it just about the location/accessibility?

The one with CASA requirement, only 4.5% p.a. for 3-month tenure.

whut is the disadvantage for this 3month OCBC? 

MACH by HONG LEONG
6 months-3.85%pa
9 months-4.00%pa

If i am looking for FD for a year (12months) and if the promo from some banks e.g. UOB, CIMB and OCBC are all the same - the effective rate of 4.2% for a year - what are the considerations to pick btw them.

I know that these banks got certain elements to the promo - break down the interests rate (OCBC) or unfixed (CIMB) - but lets say i confirm keeping it for 12 months and I am only concerned abt the effective rate.

Is it just about the location/accessibility?

One area you may look at is whether the interest is given to you on a 6 mths basis or not. If it is, you won't have to wait till the end of 12 months for some of the intetesr. Maybe not because you need the money, but because the money given to you at the 6 months period can be reuse to further invest it.

RM100k @ 4%pa will give you RM2k after 6 months. May not seem like much, but hey money is money 

1) Fee charge for IBG or Rentas since we are playing musical chair.
2) Location especially if plan to withdraw as cash...prefer with car park within bank compound.
3) speed of service. Dont like bank with long waiting and processing time
4) limit on PIDM

I saw alliance having promo
e-Alliance term deposit i.. 4.1% pa for 12 mths placement minimum 10k..

so i rentas from public bank..
Once receive.. put as per instructed...

then the online statement come out with rate = 3.3%

Why i so black kid one ??

Bones switching to FD's. Expecting a slowdown on BURSA?