Examples of AmBank Islamic in a sentence
Classification in the sukuk investments comprise: - Acquisition cost Investment in sukuk is measured at acquisition cost If the investment is held within a business model that aims to collect contractual cash flows and there is a contractual requirement to determine the specific date of principal payments and/or the result.
The related parties defined are AmIslamic Funds Management Sdn Bhd (“AIFM”), AmInvestment Bank Berhad, AmInvestment Group Berhad, AmBank (M) Berhad and AmBank Islamic Berhad.
On 9 December 2019, the Company and its wholly-owned subsidiary, AmBank Islamic were served with a writ and statement of claim by Dato’ Sri Mohd Najib bin Hj Abd Razak (“Plaintiff”).
The related parties defined are AmIslamic Funds Management Sdn Bhd, AmInvestment Bank Berhad, AmInvestment Group Berhad, AmBank (M) Berhad and AmBank Islamic Berhad.
The Company endorses the legal documentation structure governing the Services and agrees to be bound by The Agreements as the same may be varied, amended and/or supplemented (including by the addition of new clauses or supplements) from time to time by AmBank and/or AmBank Islamic for additional Services or other options.
The two policy documents are applicable to all banking institutions licensed under the Financial Services Act 2013 (“FSA”) and Islamic Financial Service Act 2013 ("IFSA").The banking subsidiaries of AMMB Holdings Berhad (“AMMB”) to which the policy documents apply are AmBank (M) Berhad (“AmBank”), AmInvestment Bank Berhad (“AmInvestment Bank”) and AmBank Islamic Berhad (“AmBank Islamic”).
For the avoidance of doubt, references to ‘you’ shall mean AmBank (M) Berhad and/or AmBank Islamic Berhad, as the case maybe.I/We confirm that all information and documents provided to you by us pursuant to this application are true, correct, complete and untampered.
In this Specific Terms and Conditions, the following words shall have the meanings stated thereto: “Agent” refers to AmBank Islamic appointed by the Customer to do such acts on behalf of the Customer under the principle ofWakalah in relations to Tawarruq in accordance with the Specific Terms and Conditions herein.
The above revisions were approved by Bank Negara Malaysia via letters dated 24 July 2018 and the Noteholders and Sukukholders at the EGM for AmBank and AmBank Islamic respectively.
The RA is a contract based on Shariah concept of Mudarabah Muqayyadah between the Bank and AmBank Islamic to finance a specific business venture whereby the Bank solely provides capital and the business ventures are managed solely by AmBank Islamic as the entrepreneur.