A RM2.8 billion already converted into an Islamic finance by Axiata Group Bhd which (formerly known as TM International Bhd).Axiata and participating banks are now using tradeable syariah-compliant commodities as underlying assets.
Axiata Group Bhd with Islamic finance structure, approved by Bank Negara Malaysia’s Syariah Advisory Council, which adopts the Murabahah concept as applied by the Gulf Cooperation Council.