Malaysia's Agrobank becomes Islamic

02/07/2015 03:11 AST

Malaysia’s Agrobank becomes fully Shari’ah-compliant. The bank is Government-owned and operates under the Minister of Finance Incorporated (MFI).

The bank’s financing of the agricultural sector is driven by a policy set forth by the Ministry of Agriculture and Agro-Based Industry (MOA). Agrobank operates through 190 branches throughout Malaysia, and employs over 3,400 employees.

A launch ceremony to mark Agrobank’s debut as a full-fledged Islamic banking Institution was held on 30 June 2015 at Sasana Kijang together with a forum entitled ‘The Implementation of Economic Jihad in Islam: New Perspectives’.

Agrobank is an evolution of the former Bank Pertanian Malaysia which has 40 years of experience in agricultural banking and a track record in shaping and developing entrepreneurs.


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