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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, New Launches more

Bank Negara plans multinational Islamic bank and to award licence in third quarter

Posted on 22 July 2011

Dr Zeti Akhtar AzizMalaysia’s plan to create Asia’s first multinational Islamic bank may increase the ability of syariah-compliant lenders to carry out larger sukuk deals, after global sales more than doubled to US$14.7bil this year.
A licence for the bank will be awarded in the third quarter, Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz said in a July 18 interview in Jakarta. She said in October the lender would be formed by institutions from Asia and the Middle East with a market capitalisation of US$1bil……………………………………….Full Article: Source

 
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