Hong Leong Islamic Bank
Berhad (HLISB) was officially launched in July 2005. With RM700,000,000 paid up
ordinary share capital, it currently operates through eight branches and shares
network of about 270 HLB branches and more than 1,400 self-service terminals
nationwide. In November 2011, HLISB completed its merger with EONCap Islamic
Bank Berhad to improve scale and deepen
foothold within the highly competitive Islamic banking industry. It
strategically focused on the provision of holistic solutions based on the
principles of Shariah law, HLISB offers its customers a wide range of
innovative solutions which amongst others include structured finance, business
and corporate banking, personal financial services, Islamic global markets and
wealth management.
The
bank complies with MFRS and also conforms to AAOIFI in presentation of SOFP
(65%), SOPL (44.4%), SOCIE (95%) and SCF (100%). It does not present SSUCF and
SORI as financial statement and notes to financial statement.
Table
4.9: 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
|
65.0%
|
|
4.
|
Statement of profit or
loss
|
44.4%
|
|
5.
|
Statement of changes in
equity
|
95%
|
|
6.
|
Statement of cash flow
|
100%
|
|
7.
|
Statement of sources and uses of charity fund
|
No
|
|
8.
|
Statement of restricted
investment
|
No
|
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