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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Maybank may be bidding for Philippines’ Islamic bank

Posted on 13 April 2012

Malayan Banking Bhd (Maybank) said it is keeping its options open in bidding for Al Amanah Islamic Investment Bank of the Philippines, the country’s only Islam-oriented commercial bank, a Philippine’s based newspaper reported.
Al Amanah Islamic Bank is looking for a strategic partner through the sale of a 49% stake or the entire bank to a foreign entity with expertise in Islamic banks………………………………………..Full Article: Source

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