KUALA LUMPUR: AmBank Islamic, the Islamic banking arm of the AmBank Group, has put in motion several initiatives in its quest to integrate value-based intermediation (VBI) characteristics into its practices, conduct and offerings. VBI is a major agenda under Bank Negara’s latest move to lift Islamic banking to a higher level. “The first such pillar is on financial inclusion and responsible financing whilst the second is on environmentally and socially responsible investment. Whilst financial returns and shareholder value are paramount, the value-focused platform embraced by AmBank Islamic will enable it to be more purpose-based. Under its enterprise financing programme, AmBank Islamic could expeditiously provide financing to SMEs with annual revenue of less than RM50mil.

Source: The Star April 01, 2018 22:07 UTC