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Bank Islam Malaysia Berhad (Jawi: بڠك اسلام مليسيا برحد ) is an Islamic bank based in Malaysia that was established in July 1983. [1] Bank Islam was established primarily to assist the financial needs of the country's Muslim population and has extended its services to the broader population.
Islamic marketing can be defined as a process of value creation; [1] that is, a process of making a product or service attractive to potential consumers. This is achieved by socially interacting with stakeholders to increase a product’s value, adding symbolic meanings, and improving access to types of supply chains. [5]
It was renamed the Islamic Bank of Brunei (IBB) in 1993, and the Development Bank of Brunei (DBB) was founded in 1995. Afterwards, DBB changed its name to the Islamic Development Bank of Brunei (IDBB) in 2001. In 2005, IBB and IDBB underwent a crucial merger that led to the establishment of Bank Islam Brunei Darussalam (BIBD). [7] [8] [9]
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Islamic banking and finance has its own products and services that differ from conventional banking. [ 1][ 2] These include Mudharabah ( profit sharing ), Wadiah (safekeeping), Musharakah ( joint venture ), Murabahah (cost plus finance), Ijar ( leasing ), Hawala (an international fund transfer system), Takaful (Islamic insurance), and Sukuk ...
Bank. Established in 1975, Dubai Islamic Bank is the largest Islamic bank in the UAE by assets and a public joint-stock company listed on the Dubai Financial Market. Spearheading the evolution of the global Islamic finance industry, DIB is also the world's first full-service Islamic bank and the third-largest Islamic bank in the world.
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