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Bank Rakyat

Index Bank Rakyat

Bank Rakyat (Bank Kerjasama Rakyat Malaysia Berhad) is an Islamic cooperative bank which was established on 28 September 1954 under the Cooperative Ordinance of 1948 (Cooperative Societies Act 1993), following the growth of the cooperative movement in Peninsular Malaysia. [1]

12 relations: Bank, Bank Negara Malaysia, Bukit Mertajam, Cooperative banking, Finance, Islam, Islamic banking and finance, Kuala Lumpur, Malaysia, Penang, Peninsular Malaysia, Sharia.

Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Bank Negara Malaysia

The Central Bank of Malaysia (BNM; Bank Negara Malaysia) is the Malaysian central bank.

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Bukit Mertajam

Bukit Mertajam is a town and the administrative centre of the Central Seberang Perai District in Seberang Perai, Penang, Malaysia.

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Cooperative banking

Cooperative banking is retail and commercial banking organized on a cooperative basis.

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Finance

Finance is a field that is concerned with the allocation (investment) of assets and liabilities (known as elements of the balance statement) over space and time, often under conditions of risk or uncertainty.

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Islam

IslamThere are ten pronunciations of Islam in English, differing in whether the first or second syllable has the stress, whether the s is or, and whether the a is pronounced, or (when the stress is on the first syllable) (Merriam Webster).

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Islamic banking and finance

Islamic banking or Islamic finance (مصرفية إسلامية) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics.

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Kuala Lumpur

Kuala Lumpur, officially the Federal Territory of Kuala Lumpur (Wilayah Persekutuan Kuala Lumpur), or commonly known as KL, is the national capital of Malaysia as well as its largest city in the country.

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Malaysia

Malaysia is a federal constitutional monarchy in Southeast Asia.

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Penang

Penang is a Malaysian state located on the northwest coast of Peninsular Malaysia, by the Malacca Strait.

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Peninsular Malaysia

Peninsular Malaysia also known as Malaya or West Malaysia, is the part of Malaysia which lies on the Malay Peninsula and surrounding islands.

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Sharia

Sharia, Sharia law, or Islamic law (شريعة) is the religious law forming part of the Islamic tradition.

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References

[1] https://en.wikipedia.org/wiki/Bank_Rakyat

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