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Islamic Finance Briefing - Categorized | Banking, Market Moves more

First Gulf Bank plans four Asia offices to boost financing role

Posted on 07 September 2011

Abu Dhabi-based First Gulf Bank (FGB) plans to set up four more representative branches in southeast Asia in a push to play a bigger role in financing energy and commodities projects in the fast-growing region, the head of the lender’s Singapore office said.
FGB is also considering expanding its Islamic banking business to south Asia but that will likely follow the private banking plans, Mustaza Bin Qasim, chief executive officer of the bank’s Singapore branch said. The prospects for Sharia-compliant banking in countries with large Muslim populations such as Malaysia and Indonesia are considered enormous………………………………………..Full Article: Source

 
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