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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Muamalat deal to strengthen Affin’s presence

Posted on 04 September 2012

If combined with Bank Muamalat, it will become the fourth largest in terms of assets and deposits, and the seventh in terms of loans. Affin Holdings Bhd’s interest in Bank Muamalat Malaysia Bhd, one of the country’s two standalone Islamic banks, has much to do with its intention to become a major player in the Islamic banking sector.
Affin’s Islamic banking entity, Affin Islamic Bank, is currently the ninth largest Islamic lenders locally, whether by assets, loans or deposits…………………………………………Full Article: Source

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