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

Something must be very wrong today.

bought it at 1.43 ..

is it reasonable to wait and sell at 2.00?

Yes, brother elan, I think you should wait as BIMB is really under valued......so patience is the mother of all virtues & you will reap more rewards if you wait until your target price of 2.00 & possiblly more.



Cheers brother elan, HAPPY NEW YEAR 2011 to you too.

Great to hear that monkeyking bro!

Happy new year to you too and cheers!

---

Added on January 3, 2011, 12:08 pm+0.12 ! Wow!

This post has been edited by elan: Jan 3 2011, 12:08 PM

Good for the holder !.... shooting up like rocket....

Maybe this is only the dessert, the main course will be due soon which I fully hope for. Hang on my friends, more to come perhaps as buying is strong . Pleased remember there are only 8% of BIMB shares in public hands, the rest are all with Tabong Haji & all Islamic bodies or organisations.


Let us the holders hope for the best to come & make this 2011 a wonderful year for all of us.



Cheers to all....much love.

Sold too early. But hey, still in profit!

Yeah .. already got 10% profit after just buying for 2 days ... but gonna hold it long term. hopefully can reach RM2.00 in the next 6 months ...

i have faith in islamic banking in malaysia!

a bank waiting to be merged.
great upside for this counter.

NOW 1.63 ....STRONG RESISTANCE AT 1.64

just contra at 1.66
earn a couple of kfc dinner

1.71 now!

but closing 1.65 only...

lol

Worry not brother noswear, just profit taking that's all......soon all those who sell early will regret it as there should be more upswing......always remember this......MALAYSIA is set to become the Islanic Banking centger of South East Asia if not Asia. And BIMB is the biggest Islamic Bank in Malaysia at the moment.



Cheers brother noswear....good luck to you tomorrow.

ahahhaa....i plan to offload at RM2.00 ...

hope can achieve soon b4 cny...need ang pau money....


bro monkey...u bought some??

bro monkey big fan of bimb

I bought it at 1.43 last week .... very likely to sell whatever i can get before CNY coz most likely it will go down that period and then buy back some again for cheaper price.

I still hold my BIMB shares without selling any shares.....lots of them. Bought it real cheap when it's around 1.20+ when no one is interested in Islamic Bank.......well, it does have potential as Malaysia wants to be the Islamic Banking Center of Asia if not South East Asia. And there's rumors of some merger or takeover too. How true is this rumor, I just don't know but I do see the potential of Islamic Banking in Malaysia. Always remember that this BIMB had only about 8% of it's shares with the general public....the rest are all hold by Tabung Haji & other Islamic bodies.



Cheers brother...take care too & good luck to you too.

I re-entered again today. Stupid me sold all last week for some peanut profit.

Bought at 1.40, sold at 1.50. Now have to buy at premium, but still - below RM2/-

I also got in today @ 1.64, maybe should hold till at least $2, which I hope it can reach till that level.

Something on BIMB.


Bank Islam emerged as Malaysia’s maiden Shari’ah-based financial institution since its establishment in July 1983. Bank Islam has become the symbol of Islamic banking in Malaysia since then and its vision to be “The Global Leader in Islamic Banking” illustrates its status as the flag bearer of the country’s Islamic financial services industry (“the industry”).

From only RM80 million initially, Bank Islam’s paid-up capital swelled to RM1.73 billion as at June 2009, which was instrumental in making possible the growth of its assets and the implementation of its expansion programmes.



Through a vast growing network of 112 branches and more than 800 self-service terminals nationwide, Bank Islam parades a comprehensive list of more than 50 innovative and sophisticated Islamic banking products and services, comparable to those offered by its conventional counterparts.



From the traditional financing, savings and investment types of products exclusively for individual customers in the early years of establishment, the range of Bank Islam’s Shari’ah-based financial products, services and business solutions has significantly expanded to cater to the fast-changing financial needs of customers from all categories including those related to micro financing, wealth management, capital market, treasury and structured products.



Being the pioneer in the industry, Bank Islam has played a leading role in promoting the expansion of Malaysia’s brand of Islamic finance into other markets, especially in the region. This has helped develop Bank Islam into a well-established and universally recognised brand. As the number of local and global financial services continues to increase, Bank Islam remains keenly aware of the pioneering role it must continue to play.



In recognition of its pioneering role, Bank Islam was awarded the Reader’s Digest Platinum Award for being the Most Trusted Brand for Islamic Financial Services for two consecutive years. With the entrusted belief, Bank Islam is on its way in becoming “The Global Leader in Islamic Banking” and continues to remain guided by the excellent pioneering work by its predecessors, Malaysia’s ambition to be the international Islamic financial hub, the success of its turnaround efforts and the challenge from its competitors.





Attached File(s)
 Shareholding_Structure_2010.PDF ( 838.54k ) Number of downloads: 30

MORE ON BIMB.



CALENDAR 2010


* Launched its 100th branch in Bukit Damansara
* Launched Waheed-i, the first of its kind in Malaysia for corporate customers. It is a Malaysian Ringgit fixed term deposit product based on the Shariah contract of Wakalah (Agency). It is the first Shariah-based deposit product that meets both local and international Shariah standards
* Named the winner of The Brand Laureate Awards 2009-2010 for best brands in Corporate Branding – Best Brands in Banking – Islamic Bank by The Asia Pacific Brands Foundation (APBF)
* Launched the Islamic pawn-broking (Ar-Rahnu) which was officiated by Prime Minister Dato’ Sri Mohd Najib Tun Hj Abdul Razak
* Named winner of the Platinum Award for Islamic Financial Services for two consecutive years in the annual Reader’s Digest Trusted Brands Award 2010
* Entered into a strategic collaboration with Tune Talk, Malaysia’s newest mobile service operator, to increase the subscriber base of Bank Islam Card (BIC)
* Bank Islam and Barclays Capital Markets Malaysia Sdn Bhd signed a Memorandum of Agreement for Collaboration on Customization of Islamic Investment Products and Hedging Solutions
* Bank Islam and Universiti Teknologi MARA (UiTM) unveiled the “Bank Islam – UiTM Alumni Platinum MasterCard Card Sentiasa Di Hatiku” to raise funds for UiTM’s Scholarship Fund called “Tabung Mengubah Destini Anak Bangsa”
* Launched another first, offering consumers Malaysia’s first truly mobile banking service. With Transact at Palm or TAP Mobile Banking-i, account owners can perform banking transactions anywhere and anytime, without internet access.



Have faith in BIMB.

Eh bro..all of u wanna to hold till RM2...meaning will be strong selling pressure at tat level...

so i should sell mine a bit lower than all of u ??? say RM1.98!!!!!!!! ahahahha

juz jk....

Opening of new Menara Bank ISLAM KL, Jalan Perak. - about 4-5 minutes walk from KL Convention Centre, near UOA Building, behind Impiana KLCC

Just saw the banner, which is up today...

http://www.cbd.com.my/property/21507/menar...nk-islam--jalan

Dropped -0.03

This one kenot contra one la fren.

I was actually thinking people who contra to buy this last week / monday are selling it off today thats why dropping ...

We will see how it goes next week

bought another 5,000 @ 1.63

Good support from brother zamans98.......any idea of the rumour of BIMB being taken over by others?


Well, more than 2 to 3 weeks had pass & still no slightest idea of it being taken over or merge with some bigger banks.......hopefully some rich Arabs will do it.


Cheers brother zamans98....much love.

No idea when. The plan will go through. Dato Zeti is pushing towards mega-Islamic banking in Malaysia.

If dropped again below 1.60, will reload again.

http://www.aawsat.com/English/news.asp?section=6&id=23595

http://www.kippreport.com/2010/12/malaysia...mega-bank-bids/

The easiest way is to merge or take over Bank Islam.

good-good

Latest rumour is that it's CIMB & not Maybank will be one taking over BIMB.....don't know how true is this rumour.


Anyone of you got any news or updates?



Cheers to all.

5258 BIMB BIMB HOLDINGS BHD
FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD

FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD ("THE COMPANY")
With reference to the above, we are pleased to announce that as at 31 December
2010, a total of 13,259,467 ordinary shares of RM1.00 each representing 1.24%
of the issued and paid-up capital of the Company are held by foreigners.
The said percentage is within 30% of the prescribed limit allowed to be held
by foreigners under the Company's Articles of Association.


12/01/2011 05:55 PM



Foreigners still buying into BIMB? Now they represent 1.24%, more to come perhaps?

LONGKANG again today.... dropped a lot.

hope tomorrow got some rebound

Pickup some more. Average down.

sorry to said this, i'm planning to have some tomorrow if it dip further .... sell one counter then dump it in here ..... see tomorrow how low it will go ...

FROM THE COMPARISONS, BIMB & AFFIN BANK IS STILL THE CHEAPEST BANK TO BUY IN MALAYSIA IN COMPARISON WITH IT'S EPS.



SEE COMPARISON BELOW...



Sector comparisons

EPS = EARNINGS PER SHARE

BIMB 1.54 EPS 15.98 CENTS

Affin 3.45 EPS 24.23

AFG 3.25 EPS 13.9 CENTS

AMMB Hldgs 6.94 EPS 23.33 CENTS

EON 6.95 EPS 48.93 CENTS

HONG LEONG 9.40 EPS 17.72

Malayan Banking 8.88 EPS 14.03 CENTS

Public Bank 13.46 EPS 60.03 CENTS

RHB Cap 8.56 EPS 48.3 CENTS



NOW YOU MAKE YOUR SELECTION ON WHICH BANK SHARES TO BUY & HOLD.



CHEERS TO ALL.

BIMB GOT BIG TAKEOVER POTENTIAL.....IN FACT IT'S ONE OF THE CHEAPEST BANKS SHARES TO OWN & MIND YOU AFFIN REVENUE IS VERY HIGH TOO & TOO ARE PROFITS & EPS TOO.

BIMB: It's ONE of the cheapest commercial bank shares to buy & own....lots of potential & it's NTA is $1.3600


BIMB MORE: Revenue $2,074,662 [ that's BILLION} MORE THAN AFFIN BANK........... Profit/Loss After Tax and Minority Interest $323,757 [MILLION[ ALMOST SAME AS AFFIN BANK .....Basic Earnings/Loss Per Shares (sen) 15.98 CENTS...


AFFIN BANK : MORE: Revenue $1,652,451 [ that's BILLION}........... Profit/Loss After Tax and Minority Interest $362,053 [MILLION] .....Basic Earnings/Loss Per Shares (sen) 24.23 CENTS.



NOW COMPARE TO OTHER COMMERCIAL BANKS:


Sector comparisons

EPS = EARNINGS PER SHARE

BIMB 1.54 EPS 15.98 CENTS

Affin 3.45 EPS 24.23

AFG 3.25 EPS 13.9 CENTS

AMMB Hldgs 6.94 EPS 23.33 CENTS

EON 6.95 EPS 48.93 CENTS

HONG LEONG 9.40 EPS 17.72

Malayan Banking 8.88 EPS 14.03 CENTS

Public Bank 13.46 EPS 60.03 CENTS

RHB Cap 8.56 EPS 48.3 CENTS



SO FROM THE COMPARISON OF THE ABOVE COMMERCIAL BANKS SHARES, YOUR TOP PICK SHOULD BE BIMB & AFFIN BANKS ? WHAT SAY YOU, THE CHOICE IS YOURS TO PICK UP BIMB & AFFIN BANKS SHARES NOW & HOLD FOR FURTHER GAIN.

YES, COMPARE TO OTHER COMMERCIAL IN TERMS OF PRICE, NTA & EPS, BIMB & AFFIN IS TOPS......THESE 2 BANKS GOT GREAT POTENTIAL & AFFIN BANK IS VENTURING INTO INDONESIA TOO. I AM SURE YOU CAN SEE THE HUGH POTENTIAL IN INDONESIA.


FRIENDS, I LEAVE IT TO YOU...IT'S YOUR MONEY, SO IT'S YOUR CHOICE. Thumbs Up Thumbs Up


SO SHOULDN'T YOU PICK UP BIMB SHARES & MAKE PLENTY OF CASH OUT OF YOUR HOLDING.



CHEERS TO ALL....HAPPY INVESTING.

monkeyking, how much r u holding BIMB & Affin?

I bought BIMB abt 1 month ago, purchase price was rm1.52 then fall back to rm1.4...
that time felt regret & really wish to cut loss, but then suddenly jump up to rm1.72
then that time my TP rm2, now dropping back to my purchase price dy...
this BIMB can suddenly increase 6 cents then suddenly drop 6 cents as well
lucky i got 10 lots of BIMB only

As like u said, its a good potential bank among banking industries, now im considering whether to add more or just leave it?

Banks in Malaysia are considered better governed, as in having strict rules in credit risk policy (adapting Basel II, Basel III). Unlike some other banks in other countries, where the banks over borrowed, and ended up kaboom when there is not enough of cash to turnaround.
It is also part of the rules set by BNM for banks to adhere to, which is a good point for investor to place their money in banking institute in Malaysia.

BIMB is a good start for new entry investor (Considering the capital needed is still small compared to other more matured banks.)

Affin is also heading for a good start recently. They had been making good profits since internal management changed (for the better). There will be a lot of prospect in Affin as they continue to grow overseas.

Good analysis

BTW, Affin is still trading at Price/Book Value of 1x, others are of 2x. Expanding into Indo markets.

BIMB 's Price/book value is good too.

This post has been edited by SKY 1809: Jan 15 2011, 01:18 PM

bought in again 1.52
hope for the best to all of us next week!

Interesting comment from Dali :-

Affin - denied by CIMB and Affin, bottomline Affin will have to merge with someone within 6 months, bottomline, its still cheap ... single girl at a party with drunks, action not over yet.



This post has been edited by SKY 1809: Jan 15 2011, 05:02 PM

Hi brother stranger83, I got qute a number of BIMB & Affin shares....bought both last year with BIMB at $1.20+ & Affine at $3.11+.......still I am not running as I still see more upswing later on, so I am expecting more returns on my investment. Brother stranger83, worry not too much about these 2 banks share prices going down temporary.......profit taking as usual. I bought into these 2 banks as they are the cheapest banks shares to buy & with good potential too.......maybe I bought into these 2 banks as I want to be a "Ah Long"....yes, Banks are LICENSED AH LONG.


As it is, my investment on these 2 counters had bring me returns of 5 figures $$ & I am still waiting for more returns.


One more thing is this......the top management in Affin had said that Affin takes over other banks and NOT THE OTHER WAY AROUND [to be take over by others].......yes, nothing is impossible. Figure this yourself......this........the biggest shareholder of Affin & Boustead is both the Lembaga Tabung Angkatan Tentera (LTAT) & it seems that Boustead still owes BIMB plenty of money.......so could there be something going on between these 2 banks?


One more thing, Malaysia is to become the Islamic Bank Center of South East Asia if not Asia & Bank Negara is issue 2 more Islamic Banking licenses to foreigners, yes foreigners, this year & these foreigners who wants to operate an Islamic Bank in Malaysia must have a mininum paid up capital of USD$1Billion & BIMB had only about US$300 million......then BIMB will be a much smaller Islamic Bank compare to these 2 foreigner Islamic Bank. Can it survive with it's small capital when these 2 bigger foreign Islamic banks are here?......no, I suppose not & will the Government allow it to fall too, I guess not too . So what else but to find a partner sooner than you think.


Now Maybank had it's hands full with Kim Eng, Hong Leong hands full on EON, Public Bank maybe merger with Hong Leong......so left with which bank, CIMB, Affin, RHB? .....or perhaps BIMB had to seek a foreign partner to buy into it. As it is, in the latest BIMB announcement on Wednesday, 12 Jan 2011 that FOREIGN OWNERSHIP IN BIMB HOLDINGS BERHAD now stands at 1.24% & so still have plenty of room to reach 30% for foreigner ownership.........so, maybe BIMB tied up with a Malaysian Bank or Foreigners?


Yes, all Malaysian Banks had ISLAMIC BANKING but not one had 100% Islamic Banking.


Bank Islam Malaysia Berhad : The First Islamic Bank in Malaysia

Bank Islam started operations in July 1983 as Malaysia’s first financial institution to operate based on Shariah compliant principles. Since then, Bank Islam has become synonymous with Islamic banking in Malaysia. As the flag-bearer for the country’s Islamic financial services industry, its vision is to be “The Global Leader in Islamic Banking”.

With an initial authorized capital of RM500 million and a paid-up of RM80 million, the bank embraced the huge challenge of breaking new ground. Its authorized and paid-up capital was increased to RM2 billion and RM563 million respectively, over time, to accommodate the growth of its assets and the expansion and growth of its operations.

With a network of 90 branches nationwide, the bank parades a comprehensive list of more than 50 innovative and sophisticated Islamic banking products and services, comparable to those offered by its conventional counterparts.

The Shariah-compliant banking products and services also expanded from the traditional savings and investment types to include leasing, stock broking, unit trust management and treasury related products, catering to the personal and commercial needs of Muslims and non-Muslims alike.

Being a pioneer, Bank Islam played a leading role in promoting the expansion of Malaysia’s brand of Islamic financial services to markets in the region. As a result, the Bank Islam has become a well-established and well-received brand.


..........just my 2 cents worth.



Cheers to all.....much love.

This post has been edited by monkeyking: Jan 15 2011, 08:35 PM

Highly recommended for low risk, mid-long term investor.
Excellent growth prospect in the future...

Your analysis is kinda interesting .

BTW, statement from CIMB forbids CIMB from taking over Affin for the next 6 months, under the new M & A law.

On the other hand, careful words from Affin top people like " yes, nothing is impossible " does not prevent them from merging with other banks.

So, words may tell their intentions are up to, at least they are careful and trying not to be barred by M & A regulations.

thank you very much monkeyking...
will follow close these 2 counters

What do u guys think of this chart? can still go up?
im planning to accumulate abit, TP duration around 2-3 weeks.
your view is very much appreciated.
thx

Just wait for confirmation before accumulation. It could go down further. Wait till reversal with bullish candle or form higher low

Hold on to your BIMB shares.......today shed 3 cents because of profit taking....nothing much to worry or fear.



Another positive thing to let you know is this........today the major Chinese newspaper highly recommended BIMB shares to it's investor readers.



There will definately be more upswing when things settle down.......so be calm & cool & you will be rewarded sooner than you think.



Cheers to all.......good luck too on your investment.

celaka stock....
till now also din zoom towards...RM2...

keep drop only...should have dispose tat day at 1.70...
then can buy back today....

1.5 i wish to buy.. scare they eat $ only.. ask u knw... sensitive

Hold on to your shares.......just received some news from a friend [don't know how true is this rumour] that BIMB may be privatised.

MonkeyKing, I hope u're genuine. U've been promoting this Ctr here and in Investlah for some time already. Im a late comer and went in at 1.53. I really hope this Ctr will move up soon.

I will enter this friday if can hit my queueing price. RM 1.50. I believe this bank will surge up soon with the news that Malaysia is planning to be the centre of Islamic banking.

Brother Novice76, I am 100% genuine....no doubt about it. Since the day I bought BIMB shares, I had yet to dispose any single share. In fact, I add more yesterday even though it increases my average buying price. As I had said, I bought BIMB shares at 1.20+ last year & now with more buying yesterday, I had in fact increase my average buying price.


Have faith in this counter my friend & I am sure you will not be diasppointed.......now may I ask you which listed bank share price is so cheap & undervalue......brother, please take a good look at this figures.....NTA $1.36, Revenue [15 months] $2.074 Billion, Profit/Loss After Tax and Minority Interest $323.757 million, EPS [Basic Earnings Per Shares] 15.98 cents......& yet trading at $1.49 last.


Now compare Affin Bank, my other banking shares besides Ambank,,,,,,,,NTA $3.46 , Revenue $1.652 Billion, Profit/Loss After Tax and Minority Interest $323.757 million, EPS [Basic Earnings Per Shares] 24.23 cents......& yet trading at $3.50 last. ....still very cheap too.


So you can see Affin Bank EPS is only about 34% more than BIMB.......now see the last price ...BIMB $1.49 Affin 3.50 [Affin Bank TP as quoted $4.10]......so what should BIMB share price be actually?


Now you do your homework & compare the above details with other listed banks & their last price.



Cheers brother Novice76, happy investing & good luck too......take care too brother Novice76.

Well said brother andrewckj, Malaysia is very seriously promoting Islamic Banking & also to be the world Islamic Banking Center....mind you Bank Negara had just recently said that 2 MEGA ISLAMIC BANKING LICENSE WILL BE ISSUED TO FOREIGNERS.


So, you should NOW concentrated on Islamic Banking shares more than conventional banking.


As I had said earlier in my reply here, BIMB is a 100% Islamic Bank while other banks had just a Islamic banking department........


BIMB has this...


Basic Savings & Current Account-i
Al-Awfar
Wadi Savings Account
Ijraa Savings Account
Pewani Savings Account
Wadiah Savings Account
Mudharabah Savings Account


Bank Islam offers the Current Account facility for safe custody of your cash. This facility, which is based on the Wadiah contract, enables you to wisely plan your monthly expenditure and allows you to manage your financial needs without involving cash.

Bank Islam offers the unique Mudharabah Savings Account facility. This facility is based on the Mudharabah contract, which entails the concept of profit sharing. You will enjoy the profit gained from investment according to previously determined ratio.


General Investment Account

Bank Islam offers the General Investment Account-i facility for you to gain maximum profit through your investment. This facility, which is based on Mudharabah contract, prescribes you as the provider of capital and the Bank as the entrepreneur. Profit gained from the investment will be shared between both parties according to previously determined ratio.



Sakinah Investment Account

Specially for retirees and those who have some “reserves” to invest. Sakinah Investment Account-i provides you an opportunity to enjoy higher profit sharing ratio as well as hassle-free Bank Islam Card and Consumer Financing Package at an attractive rate.



Bank Islam emerged as Malaysia’s maiden Shari’ah-based financial institution since its establishment in July 1983. Bank Islam has become the symbol of Islamic banking in Malaysia since then and its vision to be “The Global Leader in Islamic Banking” illustrates its status as the flag bearer of the country’s Islamic financial services industry (“the industry”).

From only RM80 million initially, Bank Islam’s paid-up capital swelled to RM1.73 billion as at June 2009, which was instrumental in making possible the growth of its assets and the implementation of its expansion programmes.



Through a vast growing network of 112 branches and more than 800 self-service terminals nationwide, Bank Islam parades a comprehensive list of more than 50 innovative and sophisticated Islamic banking products and services, comparable to those offered by its conventional counterparts.



From the traditional financing, savings and investment types of products exclusively for individual customers in the early years of establishment, the range of Bank Islam’s Shari’ah-based financial products, services and business solutions has significantly expanded to cater to the fast-changing financial needs of customers from all categories including those related to micro financing, wealth management, capital market, treasury and structured products.



Being the pioneer in the industry, Bank Islam has played a leading role in promoting the expansion of Malaysia’s brand of Islamic finance into other markets, especially in the region. This has helped develop Bank Islam into a well-established and universally recognised brand. As the number of local and global financial services continues to increase, Bank Islam remains keenly aware of the pioneering role it must continue to play.



In recognition of its pioneering role, Bank Islam was awarded the Reader’s Digest Platinum Award for being the Most Trusted Brand for Islamic Financial Services for two consecutive years. With the entrusted belief, Bank Islam is on its way in becoming “The Global Leader in Islamic Banking” and continues to remain guided by the excellent pioneering work by its predecessors, Malaysia’s ambition to be the international Islamic financial hub, the success of its turnaround efforts and the challenge from its competitors.



Yes, 112 branches nationwide & still growing. ...........just remember this word ISLAM in Bank Islam Malaysia......this word is so powerful to attract all Muslims in Malaysia if not the other Islamic countries.


Cheers to all....so think it over, my friends. Happy investment....much love.



This post has been edited by monkeyking: Jan 20 2011, 03:19 AM

should do the research yourself bfore parting with your money.
Dont only rely on others to do research 4 u
ur money, ur responsibility
if it goes south, not Monkey King's fault.
he has faith in this counter (so do I), but do you?

short term, may not go beyond 1.7, but long term, I pray it goes beyond rm3

I agree and see the reasons why you should support these two banks.

Personally for me, as in the past and still presently, I prefer to invest in undervalued small capital stocks ( including these 2) though these stocks , or rather many do not attract most analysts attraction to write something good about them.

In fact, it is quite scary to see many analysts upgrading some fat chips like Gamuda with a fair value of PE 30X, and on the other hand , sad to see some aggressive selling by some big shareholders( Gamuda ) are going on. If you visit Bursa web, you would know what I mean.

Though many analysts shy away from these undervalued small caps, I would continue to pick these up.

I have personally been rewarded with good return from small cap like Mitra, and I know many more ( like these 2 banks ) could be on the way.

I also like Sapuracrest and Kencana ( some times back ) , highlighted them in their earlier stages of transformations ( like what you do now ), though many investors poured cold water on them ( or rather on me ) . Now Kencana is top rated in less than a year period. Sapuracrest is 2 to 3x from where we first brought out the subject matter ( can be verified in Sapuracrest thread if you want )

All the best to you, brother and thanks for updating us always.

This post has been edited by SKY 1809: Jan 20 2011, 10:12 AM

First of all, I am not in any way blaming MonkeyKing. Further, I did not go in based purely on his recommendation (i did some research myself). All i asked was whether he is genuine; and that i am beginning to have some reservation whether this counter will move up cos i went in a bit late (@1.53). Btw, as my nickname says, i'm new to the share market. Pls read my msg carefully.

At all times, I believe internal news are more powerful than research house paper analysis. But, do bear in mind that internal news are not very easy to obtain. For us investor here, now there is a internal news - Possibility of a privatization of BIMB, it is up to an individual to decide whether to trust or not to trust. There is no forcing here, as the money comes from your own pocket. If that news is true, kudos towards it.. Then there shall be some handsome profits.

Anyhow as spoken before, bank in Malaysia are good to invest. Of course, please give it a long term, and not short term. Bank shares hardly get "fried up", but I do not want to eliminate the possibility of being "fried up". You buy @1.53, then hold it for a mid-long term period. It will definitely be fruitful then you put it in FD.

no need wait.. can go in today.. since is below 1.5 liau.. i estimate 2.5

Good..Not to be sarcastic, but if you can go in today.. I will give you everything i got here to buy!

Hi guys,

There is an offer to buy UOA at not less than 1.3x Price/Book Value.

It Could fetch higher price if it is to be let go to parties outside the community.

Right now , Affin NTA is rm 3.50, and BIMB is about rm 1.50.

So judge your own

This post has been edited by SKY 1809: Jan 20 2011, 04:10 PM

i heard from 1 of my fren working as bank remisier.... he said maybe RM3. Dunno true or not

This post has been edited by billeu: Jan 20 2011, 09:11 PM

Hope that this becomes a reality. There's no smoke without a fire!!



Cheers brother.....much love.

finally i'm in today, after so much consideration after this will be no more buying .... no more bullet to shoot lets pray our CI don't sleep too long ya...

Welcome to the BIMB Huat Huat Club brother cwhong. Now we just sit back & watch the show.



Cheers brother cwhong...much love.