The Bank Islam Malaysia (Bank Islam Malaysia Berhad, or BIMB; Jawi: بڠك اسلام مليسيا برحد) started operations as Malaysia's first Islamic bank on July 1, 1983. BIMB was established primarily to assist the financial needs of the country's Muslims and to further extend its services to the whole population at large.
BIMB was set up with an initial authorized capital of RM 500 million and paid in capital of RM 79.9 million, the bank has gradually increased its authorized and paid-in capital to RM 2 billion and RM 563 million respectively.
Read more about Bank Islam Malaysia: Highest Profit Ever, First Loss, Dubai Connection, Pioneer in Islamic Finance Services
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