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Home » Bank Negara Malaysia » Hong Leong Islamic Bank | |||||||||||||||||||
Hong Leong Islamic Bank |
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Hong Leong Islamic Bank (HLISB), which is a member of the Hong Leong Group Malaysia, is a wholly owned subsidiary of Hong Leong Bank (HLB). With its beginning as the Islamic Banking arm of HLB, the division was incorporated as a separate entity on 28th March 2005 and is today a full-fledged Islamic bank. |
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Head office in Kuala Lumpur, Hong Leong Islamic Bank's provided banking and financial services in syariah base. Islamic Banking products and services normally subscribe to fixed rate mechanism which provide certainty, clarity and predictability, the cornerstone of fairness and equity inherent in Islamic commercial transactions (Muamalah). As a consequence, it is generally perceived that the products are strictly based on fixed rate mechanism. |
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Strategically, HLISB is focusing
on provision of solutions on a holistic approach basis encapsulating the
tenets and principles of the Syariah law. Innovative solutions encompassing
areas in structured finance, capital market, equity joint venture financing,
leasing for home purchases and wealth management are amongst the repertoire
of HLISB's offerings. With over 180 HLB branches nationwide also operating
as HLISB branches, Islamic banking products and services will be easily
accessible to Malaysian consumers to meet their multi-faceted needs. |
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HLISB is building upon the
Malaysian Government's thrust to transform Malaysia into a global hub for
Islamic Financial Services. Opportunities will be aplenty, and HLISB is
gearing itself up to be one of the leading local Islamic banks by competing
in a challenging market place, which is expected to also be filled with
foreign Islamic bankers. HLISB will embark on ongoing comprehensive and
integrated marketing initiatives to position itself in the market. To erase
the misconception that Islamic Banking is only for Muslims, HLISB will also
play a significant and leading role in improving the awareness level of the
public towards Islamic Banking products and services. |
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