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Exercise 3
Identify the errors in the sentences and write the correct answers. Errors exist in the bold sentences only.
Bank Muamalat Malaysia Berhad are one of the two independent (0) is
full-fledged Islamic Financial Institutions in Malaysia. The bank
were established on 1st October 1999 from the combination of (1) _______________
Islamic Banking division’s assets and liabilities of three local
banks, namely Bank Bumiputra Malaysia, Bank of Commerce
(Malaysia) and BBMB Kewangan. The shareholders for the bank (2) _______________
comprise of DRB-HICOM which holds 70% shares in the bank
with khazanah nasional berhad holding the remaining shares. (3) _______________
Being among the pioneer of Islamic banking, the Bank is strongly
supported by Shariah’s scholars who is highly qualified and (4) _______________
experienced in the Islamic jurisprudence, advising not only in
issues pertaining to Shariah products and service but also as advisor (5) _______________
to parties that are planning to raise Islamic Capital Issues or other new
innovative products.
The bank have a nationwide network of 63 branches, a kiosk and an (6) _______________
offshore Labuan branch that provides wide range of Islamic banking
products and services included foreign currency deposits, (7) _______________
investment accounts, foreign exchange trading, working capital
financing, trade financing, project and contracting financing, venture (8) _______________
capital and Islamic capital market services to both Malaysians and
foreigners.
A Bank is a member of Global Alliance for Banking Values (GABV), (9) _______________
an independent network of banks and banking cooperatives
worldwide operating under the “Principles of Sustainable Banking”.
GABV focuses on the returns of real economy and acts as financial
intermediary to support social and environmental impacts. Bank
Muamalat Malaysia Berhad is the first Islamic Bank to be accept as (10)______________
its member.
