Before it became GISB Holdings, The Arqam group went through a rebranding process, first adopting the name Rufaqa Corp before transitioning to GISB Holdings.
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However, GISBH has firmly denied these allegations and expressed its commitment to fully cooperating with the police and the Department of Islamic Development Malaysia . A Facebook post by GISB Holdings confirmed that Global Ikhwan was indeed born out of Al-Arqam’s remnants, specifically from its business division.
“The group was cleared of any wrongdoing by the police Special Branch, but negative rumors still circulate in religious communities,” stated Nasiruddin Mohd Ali, GISBH’s Executive Chairman and CEO, as reported by Malaysia Reserve.
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