PNB studies introduction of i-shares for Maybank
KUALA LUMPUR (Aug 15): Permodalan Nasional Bhd (PNB) said it is in the midst of studying a potential issuance of Islamic shares (i-shares) by Malayan Banking Bhd (Maybank), which will be linked to the Islamic banking business of the group.
PNB group chairman Tan Sri Abdul Wahid Omar pointed out that currently about 25% of the Maybank group’s earnings come from the shariah-compliant businesses. He proposed 20% of the group’s shares can be designated as i-shares.
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