CIMB Islamic was founded in 2003 (website). It has a paid up
ordinary share capital of RM1,000,000,000 as of 2015. provides
Islamic banking and financial products and services for commercial, corporate,
and institutional customers in Malaysia, Indonesia, Singapore, the United
States, the United Kingdom, and internationally. The company offers various personal
banking products and services, including savings and current accounts, and term
deposit accounts; credit cards; properties financing, personal financing, and
car financing; investment products; and retirement and takaful services.
It
complies with MFRS and also conforms to AAOIFI in presentation of SOFP (70%),
SOPL (55.6%), SOCIE (95%) and SCF (100%). It does not present SSUCF and SORI as
financial statement. However, it shows them in the notes to financial
statement. (Financial statement 2005).
Table 4.4:
Level of compliance to MFRS and AAOIFI standards
No.
|
Financial statement
|
Conformity
|
1.
|
Statement on adoption of
AAOIFI
|
Nil
|
2.
|
Statement on adoption of
MFRS
|
100%
|
3.
|
Statement of financial
position
|
70.0%
|
4.
|
Statement of profit or
loss
|
55.6%
|
5.
|
Statement of changes in
equity
|
95%
|
6.
|
Statement of cash flow
|
100%
|
7.
|
Statement of sources and uses of charity fund
|
Yes (notes)
|
8.
|
Statement of restricted
investment
|
Yes (notes)
|
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