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Article: Malaysia grants Islamic bank licence to two overseas firms.

Article from:
Global Banking News (GBN)
Article date:
November 21, 2008
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Global Banking News-21 November 2008-Malaysia grants Islamic bank licence to two overseas firms(C)2008 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 21 November 2008(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Malaysia's central bank has granted two foreign currency Islamic banking licences to companies in Kuwait and Indonesia, as part of expanding the country's sharia finance business to overseas markets.

According to central bank deputy governor Mohd Razif Abdul Kadir, Kuwait's Al-Aqeelah and Bank Muamalat Indonesia have been granted ...

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