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Mizuho seeks licence to offer Shariah-compliant services in Malaysia

Posted on 09 September 2011

Banks from Japan to Bahrain plan to set up offices in Malaysia to take advantage of the growth in Islamic finance assets in the world’s biggest sukuk market.
Mizuho Financial Group Inc, based in Tokyo, has applied for a licence to offer foreign-currency Syariah-compliant services in the country, Keizo Ohashi, chairman of Japan’s third-largest lender, said on Sept 5. Bahrain’s Elaf Bank B.S.C. was granted a similar licence in June, while Asia’s first multinational Islamic bank will be set up in the nation this quarter, according to Bank Negara……………………………………….Full Article: Source

 
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