Maybank & ICD sign MOU in relation to global takaful business

May 07, 2008 Back
Type Announcement
Subject Maybank & ICD sign MOU in relation to global takaful business

Contents :

Maybank wishes to announce that it had today entered into a memorandum of understanding (MOU) with Islamic Corporation for the Development of the Private Sector (ICD) to jointly explore the feasibility of establishing an international takaful holding company with the vision to create a global leader in the takaful business. ICD is the commercial arm of the Islamic Development Bank.


Under the MOU, the proposed holding company to be set up aims to explore opportunities with the aim of creating takaful companies in both ICD member and non-member countries.

The full text of the Press Release issued today is attached.

This announcement is dated 7 May 2008.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 7 May 2008  
Category General Announcement
Reference No MB-080507-61760

Attachments

  1. MAYBANK070508.doc (Size: 27,648 bytes)