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NBAD plans Islamic banking unit in Malaysia

Posted on 28 February 2011

From Brecorder.com: National Bank of Abu Dhabi plans to set up an Islamic banking unit in Malaysia after its conventional bank unit starts operations there in the third-quarter, its chief executive said on Sunday.
“We have a conventional licence. If the authorities allow us, we would like to have an element for an Islamic licence,” Michael Tomalin told reporters at an Islamic forum. The executive did not provide more details on the plan……………………………………….Full Article: Source

 
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