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Malaysian and Hong Kong banks to offer Islamic finance in China

Posted on 12 March 2012

Affin Holdings and Bank of East Asia expect their Islamic bank to become operational by 2H12. Malaysian bank Affin Holdings Berhad and Hong Kong-based Bank of East Asia Ltd (BEA) expect their Islamic or Shariah banking operations in China to become operational by the second half of the year.
“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,” said Affin deputy chairman Tan Sri Lodin Wok Kamaruddin………………………………………..Full Article: Source

 
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