Our Mission & Vision  
      Our Organization  
      Our Offerings  
      Our Shareholders  
      Board of Directors  
      Management Team  
      Shariah Committee  
Our Story
   
Introduction
Currently, Asian Finance Bank Berhad (AFB) is one of the three foreign Islamic banks that was granted license by Bank Negara Malaysia (The Central Bank of Malaysia ) to undertake Islamic Banking business. AFB is regulated and supervised by Bank Negara Malaysia under the Islamic Banking Act, 1983.
 
 
Organization
Asian Finance Bank Berhad (AFB), a full-fledged Islamic bank, was incorporated on 28 November 2005 and backed by a consortium of shareholders from leading Middle Eastern financial institutions – Qatar Islamic Bank and associates (70%), RUSD investment Bank Inc of Saudi Arabia (20%) and Global Investment House of Kuwait (10%).


To date, our authorized capital is RM1 billion with current paid up capital recorded at RM355 million (USD100 million).

Mr. Faisal Alshowaikh, the Chief Executive Officer, appointed since July 2006 has been instrumental in setting-up AFB, the third foreign Islamic bank operating in Malaysia.

AFB is committed to being a truly regional bank, offering a complete suite of Shariah-compliant products covering consumer, commercial (including SME and trade finance), corporate, treasury and investment banking.

AFB has opened its first branch bank on January 19, 2007, and in the next two to five years will increase the number of branches from between five to seven in major cities in Malaysia.

Using Malaysia as a hub, Indonesia is AFB's second entry into the Asian region, through its recently approved representative office in Jakarta. AFB is the first Malaysian bank to be granted a license from Bank Indonesia for opening a Sharia Representative Office.

With a vision to have a full representation in the region, AFB will continue to expand into footprint across the region for a share of Asia 's Islamic banking sector.