From Reuters: A long-touted Islamic megabank has received approval from Bahrain and a preliminary green light from Malaysia to begin operations, an organizer said on Wednesday.
Saudi Arabia’s Sheikh Saleh Kamel — who is founder and chairman of Bahrain-based Islamic bank Al Baraka BARKA.BH and spearheaded the megabank initiative — said the venture is still in discussions with Qatar to obtain a licence……………………………………….Full Article: Source