MBSB Bank Berhad is the second largest full-fledged Islamic Bank in Malaysia. Formerly known as Asian Finance Bank Berhad (AFB), MBSB history can be traced back to 1950. Founded on 28 November 2005 as a wholly owned subsidiary of Malaysia Building Society Berhad (MBSB).
MBSB has been granted a license by Bank Negara Malaysia to undertake Islamic Banking Business under the Islamic Financial Services Act in 2013. In November 2017, MBSB entered into a Share & Purchase Agreement with Asian Finance Bank Berhad (AFB). The acquisition fully materializes in 23rd January 2018. Currently, MBSB Bank has 46 branches throughout Malaysia.
MBSB offer several Islamic personal financing schemes under its consumer banking category. All MBSB Bank Berhad personal financing package are Syariah compliant and are targeted at public and private sector employment. MBSB offer a salary deduction for civil servants through some its personal loan package.
Beside consumer banking, MBSB also provides business banking and trade financing for its customer.