(Ruzina Markon, 2009). Within 10 years the establishment of BIMB, no second Islamic bank in Malaysia was established. In addition, in 10 years of the establishment from 1983-1993, BIMB has achieved an average annual growth rate of 48%. This shows BIMB successfully to protect the growth and development of their bank when the total assets doubled from $ 170.7 million at the end of 1983 to $ 369.8 million at the end of 1984, with sharp increases of deposits from $ 91.0 million to $ 274.9 million, and of loans from $ 40.7 million to $ 249.8 million. (Sudin Haron, 2000), It shows the development of the Islamic bank after a year of incorporation.
Case 1: CIMB merger with Southern Bank Berhad Company profile and background CIMB Group is a leading ASEAN universal bank as it is the largest Asia Pacific (ex-Japan) investment bank and is one of the world's largest Islamic banks. CIMB Group is headquartered in Kuala Lumpur, Malaysia. CIMB offers consumer banking, wholesale banking, Islamic banking and asset management. CIMB is the fifth largest banking group by assets in Southeast Asia and at the end of June 2013 had over 40,000 staff and approximately 13 million customers. The Group's retail banking branch network is the widest in the region, with 1,061 retail branches in Malaysia, Indonesia, Singapore, Thailand and Cambodia.
I. Profile of the company • It was established in 1806 at Calcutta as bank of Calcutta. • It is the oldest bank of Indian sub-continent • State bank of India (SBI), with a 200 year history is the largest commercial bank in India. • In terms of assets, deposits, profits, branches, customers and employees SBI is largest bank. • The government of India is the single largest shareholder of this fortune 500 entity with 61.58% ownership • SBI is ranked 60th in the list of top 1000 banks in the world by “The Banker” in July 2012.
In 2009, the bank announced that it would write no additional consumer finance business through the HFC or Beneficial brands and would run-off the current business (HSBC, 2012). In the start of 2010, the bank announced that its Group Chief Executive officers would relocate to Hong Kong. In 2012, it was named the world’s most valuable banking brand. As at 31 December 2012, the bank total assets stood at US$2,500 billion (HSBC, 2012). A recap of 2016 revealed that the bank occupies a prominent position in the world of banking/finance with international networks that extends six continents.
The degree of its internationalization is significantly high. Taking the advantage of internationalisation on Chinese currency, the bank carries out the stragtes to explore and expand its cross border businesses in order to be “Going Global”( BOC Annual Report,2013, p40). With the completing corporate finance service and centralised credit systems as well as customer manager mechanism globally, bank of China sponsored 49 export credit projects and 98 overseas merger and acquisition as well as 597 overseas ongoing operation loans( BOC Annual Report, 2013,p40). The domestic RMB-denominated corporate loans is RMB3,688.976 billion with an increase of 6.86% of 2012 and foreign currency denominated corporate loans is USD82.530 billion with an increase of 6.19% than last year ( BOC Annual Report, 2013,p40) . By implementing this “Going Global” strategy, Bank of China has successfully taken a leading position for international business among the peers in the banking industry.
IBMers are working with customers around the world to apply the company's business consulting, technology and R&D expertise to enable systems of engagement that deliver dynamic insights for businesses and governments worldwide. IBM India Private Limited is the Indian subsidiary of IBM. It has facilities in Bangalore, Delhi, Kolkata, Mumbai, Chennai, Pune, Gurgaon, Noida, Chandigarh, Indore, Bhubaneswar, Coimbatore, Visakhapatnam and Hyderabad. Between 2003 and 2007, IBM's head count in India has grown by almost 800%, from 9,000 in 2003 to nearly 74,000 in 2007. Since 2006, IBM has been the multinational with the largest number of employees in India.
It has quoted what the Group Managing Director of RHB Bank Singapore, Dato’ Khairussaleh Ramli said and commented. It makes the news more convincing and more factual. This increase the credibility and news trustworthiness. (Page 1 last paragraph and page
Corporate Background Malakoff Berhad (MB) was an investment holding company, incorporated on 9 October 1975 as a plantation-based company and is based in Kuala Lumpur, Malaysia. In 1976, Malakoff was listed on the Main Board of the Kuala Lumpur Stock Exchange which known as Bursa Malaysia. A shift in its corporate direction resulted in the disposal of its plantation-based assets in October 1993 and the subsequent venture into an independent water and power producer company in Malaysia, Indonesia, the Middle East, and Australia and North America. On 17 May 2006, MMC Corporation Berhad through its wholly owned subsidiary, Nucleus Avenue Berhad (NAB) make an offer to acquire all the assets of MB, including the assumption of all the liabilities
The multinational and conventional banks also began providing ‘Islamic Product’ and ‘Islamic Windows’. Citibank was the first western bank to open its Islamic bank subsidiary in Bahrain. Then, follow by other American, British, Swiss banks, and French such as HSBC and American Express which followed in providing Islamic products through their branches in West. They also open an Islamic Banking subsidiaries in Pakistan, Bahrain and other Islamic countries. Contemporary Islamic Banking prohibit interest even in theory, at the core of its activities
Dubai Islamic Bank Asian nation restricted (DIBPL) may be a wholly-owned subsidiary of city Islamic Bank UAE (DIB). The parent company DIB may be a listed company in city. The Bank has maintained its position as AN innovative resolution supplier to any or all the monetary desires of its customers, in accordance to Shari’a. DIBPL was incorporated in Asian nation as AN unlisted public company on might twenty seven, 2005 beneath the businesses Ordinance (1984) to hold out the business of AN Islamic full service bank in accordance with the principles of Islamic Shari’a. The banking concern of Asian nation (SBP) granted a license to the Bank on November twenty six, 2005 and later the Bank received the Certificate of Commencement of Business from the Securities and Exchange Commission of Asian nation (SECP) on Gregorian calendar month twenty six, 2006.