IF the latest developments around BIMB Holdings Bhd are anything to go by, the Islamic financial services group may be shaping up to be one to watch.
Just last week, after it came to light that legal proceedings have been lobbed at Dubai Group over its US$10bil debt, tongues got wagging about what would become of the 30.5% interest it held in Bank Islam, of which 51% belongs to BIMB.
The hypothesis here is that BIMB may just be tempted to acquire the stake from the Dubai state investment vehicle, thereby giving it more or less full control of Bank Islam, Malaysia's oldest Islamic lender.
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