Malaysia’s CIMB launches first Islamic structured product
The five-year product is launched simultaneously in Malaysia and Singapore. In Malaysia, the Islamic All-Stars Global will be marketed through the entire CIMB Group banking network. This includes CIMB Islamic Bank, CIMB Bank, Bumiputra-Commerce Bank and Southern Bank branches, Direct Access, as well as through CIMB Private Banking.
According to CIMB, the Malaysian Ringgit-denominated Islamic All-Stars Global offers an indicative gross profit of 8% in the first year. After the first year
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