KUALA LUMPUR, March 10 (Bernama) — The Malaysian Investment Development Authority (MIDA) and Bank Islam Berhad (Bank Islam) inked a Memorandum of Understanding (MOU) to form a partnership to provide a financial platform and seamless end-to-end banking services by Bank Islam to new and existing domestic and foreign investors in Malaysia.
The MOU was signed by Director of Domestic Investment Division, MIDA, Mr. Sukri Abu Bakar and BIMB Group Chief Business Officer, Retail, Mr. Mizan Masram; and witnessed by MIDA Chief Executive Officer (CEO), Datuk Arham Abdul Rahman and BIMB Group Chief Executive Officer (GCEO), Mr. Mohd Muazzam Mohamed. Also, in attendance at the ceremony were MIDA Deputy CEO, Investment Promotion and Facilitation, Mr. Sivasuriyamoorthy Sundara Raja, and BIMB Head of SME Banking Division, Mr. Rizal Mohd Yusof.