Yesterday TAKAFUL share price break new record high at RM1.87. BIMB is TAKAFUL the biggest shareholder which hold 67% stakes. BIMB share price still no reflect the strong performance of TAKAFUL, i think BIMB share price will play catch up soon.

Wow BIMB rise a lot today.

Well spotted.

bought BIMB a week ago at RM1.52, now drop to RM1.41...
any news on this counter?
should i cut loss or kept it???
thx

keep it for long term.... our prime minister already said Malaysia targeting to be islamic financial centre.... things will be more clear in the coming future... dont panic... Malaysia did good job sucking the arabs money into our bank... hahahaha... u take a walk around bukit bintang and u will know... especially starhill....

thx for ur advice... i'll keep it...

I just entered it today. Target 170's.

Brother stranger83, my friendly advice to you is keep it & don't cut loss....BIMB will make it as now people are profit taking....you will reap the gains later.



Cheers brother stranger83, you take care too....much love.

Very true indeed, Malaysia is to be the Islamic Banking hub of Asean if not Asia.



Cheers brother.

Welcome all on Board on this ship.

It would sail far when the time comes.

Well said brother SKY....fully support this statement.


So think over, my friends.....this....keep it longer for future gains......you will be so glad you did later on.



Cheers to all.

thx all...
then i need to buy more to average down de price...

Hello all, I already dumped this counter to get 2% profit. Good luck to you all.

a better bet will be sunway-wc in 6 mths
and unisem in 2 mths

based on rumors my fren? Then it worth a try.

Expect BIMB to go up & up from now..........from tomorrow onwards....now last minute trading is 1.46 from 1.40 Bank Negara has just announced that Malaysia is going to form a Mega Islamic Bank.

BNM mulling Islamic mega bank bids


Published: 2010/12/29


Malaysia’s central bank said today it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to create a well-capitalised sharia lender.

Bank Negara Malaysia (BNM) is offering up to two new Islamic banking licences to foreign firms to set up banks with at least US$1 billion of paid-up capital, a move that the industry hopes will spur more lending and create bigger Islamic banks that can compete with global lenders.

Malaysian central bank chief Tan Sri Zeti Akhtar Aziz had said the authority hoped to announce in 2010 at least one licence for a big Islamic bank.

“Bank Negara Malaysia is still assessing the applications for mega Islamic bank licences,” it said in a statement in response to a Reuters query.

“The announcement of the licences will be made on completion of the assessment.”

Bankers say the bid to create a well-capitalised Islamic bank, which dates back to at least 2006, has been fraught with difficulties such as a struggle to raise sufficient capital and disagreement as to where the lender should be located.

One of the project’s main backers is Saudi Arabia’s Sheikh Saleh Kamel, founder and chairman of Bahrain-based Islamic bank Al Baraka.

Malaysia’s central bank has not disclosed the applicants for the licences but there has been market speculation that the Islamic Development Bank and Al Baraka could be keen.

Islamic finance has become a popular source of alternative funding after the credit crisis but most sharia banks lack sufficient capital to compete with Western lenders on mandates to syndicate financing, arrange bonds and supply project finance. - Reuters





Read more: BNM mulling Islamic mega bank bids

http://www.btimes.com.my/articles/20101229161503/Article/




Wonder this will increase the value of Bank Islam Malaysia Berhad [BIMB]......or maybe the potential of BIMB being taken over by some other bigger banks to compete against foreign Mega Islamic Bank in Malaysia.

This post has been edited by monkeyking: Dec 29 2010, 05:40 PM

Great news. I got 1/2 kilo of BIMB. Wanna see Bank Islam at RM3?

Good news it is but then will it arrive at this magical figure?



Cheers brother....much love.

Longkang today.

1.40 - 1.42 always a good buy