AmIslamic Bank plans structured products launch in 2010

By Innovative Investor

01/02/2010

News


AmIslamic Bank managing director and chief executive Datuk Mahdi Murad has been reported as saying it plans to issue six more new products, including wealth management and structured products, this year.


Speaking ahead of its year end announcement on 31 March, he said he was confident of achieving double-digit growth in its Islamic banking business for the financial year, and that the bank expected to see 30% growth in assets and profitability.


Looking forward to 2010, he said AmIslamic Bank was targeting a 30% market share with its total Islamic banking profit this year.

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