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Plan for Islamic banking ops in China to materialise in 2H

Posted on 07 March 2012

Affin Holdings Bhd (Affin) expects its plan to set up Islamic banking operations in China to materialise in the second half (2H) of this year. Deputy chairman Tan Sri Lodin Wok Kamaruddin said Affin would collaborate with its shareholder, Hong Kong-based Bank of East Asia Ltd (BEA), to offer Islamic banking products in China.
BEA, which holds some 23 per cent of Affin, is the biggest foreign bank in China. “We hope to make a breakthrough this year. It takes a bit of time but Insyaallah (God willing), by middle or end of this year, it will materialise,” he told Bernama in an interview………………………………………..Full Article: Source

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