Unicorn International Islamic Bank expects 300% rise in profit

KUALA LUMPUR: Unicorn International Islamic Bank Malaysia Bhd expects to increase its profit by 300% this year, said its chairman Datuk Vaseehar Hassan Abdul Razack.

“Currently, we have three to four projects in the pipeline where we expect to invest between USD50 million to USD100 million for each project,” he told reporters after the signing ceremony for Citta Mall Project today together with Bank Rakyat and Puncakdana Sdn Bhd.

Unicorn international and Bank Rakyat arranged a club deal Islamic financing of RM101 million for Puncakdana to develop the RM280 million Citta Mall.

(The Star M'sia)

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Alfalah Consulting - Kuala Lumpur: www.alfalahconsulting.com

Consultant/Speaker/Motivator : www.ahmad-sanusi-husain.com 

Islamic Investment Malaysia: www.islamic-invest-malaysia.com