Bank Islam Malaysia Berhad announces to declare an interim single-tier cash dividend of 11 sen per ordinary share amounting RM249.3 million for the financial year ending 31 December 2024.

The entitlement date for the dividend is 18 December 2024, while payment will be made on 10 January 2025. Bank Islam recently announced a net profit of RM396.8 million for the nine months ended 30 September 2024, driven by higher net income and a reduction in net allowance for impairment on financing.

Total assets stood at RM93.8 billion at the end of September 2024, a year-on-yeargrowth of 6.5% spurred by growth in investment securities and financing.