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Bank Muamalat to open Islamic bank in China within 2 years

Posted on 23 July 2012

Bank Muamalat Malaysia Bhd has teamed up with Bank of Shi Zui Shan of China to set up its first Islamic bank in China — in Ningxia Province — in two years, and develop and promote Islamic banking there.
Bank Muamalat CEO Datuk Mohd Redza Shah Abdul Wahid said the two banks will work together in setting up a framework for Islamic banking in China and aim to offer syariah-compliant products in Ningxia via a window at Bank of Shi Zui Shan’s network of 23 branches………………………………………..Full Article: Source

 
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