What is the difference between Bank Islam Malaysia Berhad (BIMB) and Bank Rakyat?
The main difference between these two banks are its legal structure.
Bank Rakyat is a cooperative bank practising Islamic contracts, while Bank Islam is a full fledged Islamic bank.
However, both banks offer only Islamic products and has their own Shariah Board.
Photo: bankislam.com.my & bankrakyat.com.my.