Bank Islam Malaysia Bhd started operations as Malaysia’s first Islamic bank in 1983. Set up with an initial authorised capital of RM500 million and a paid-up of RM 79.9 million, the bank has gradually increased its authorised and paid-up capital to RM2 billion and RM563 million respectively. The second full-fledged Islamic bank to be established in Malaysia was Bank Muamalat Malaysia Bhd, which started its operations in 1999.

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