IB profits and disclosure on the rise

There are several indications that Islamic financial institutions are incorporating greater levels of transparency into their operations. Malaysian insitutions report their accounts to the Malaysian Accounting Standard Board, in what is both a complete yet somewhat confusing report. Bank Islamic Malaysia Berhad (BIMB) has begun restructuring efforts, creating regional offices throughout Malaysia. First Islamic Investment Bank (FIIB) of Bahrain hopes to achieve long-term success by divesting its investments and generating risk-adjusted returns for investors. FIIB also plans to expand its operations to newly incorporated European Union states.