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Islamic Finance Briefing - Categorized | Banking, Market Moves more

FEE Bank aims to make its presence felt in Malaysia

Posted on 24 June 2009

From Btimes.com.my: Newly-established offshore bank, First East Export Bank plc (Labuan), or FEE Bank, plans to have a strong presence in Malaysia’s Islamic banking industry, with assets expected to grow to more than euro2 billion (RM9.84 billion) in two years.

FEE Bank chief executive officer Dr Ali Afzali said the bank, which received its offshore banking licence from Labuan Offshore Financial Services Authority (Lofsa) last February, is optimistic of the bank’s business as it will leverage on the vast inflow of Middle Eastern investors into Malaysia, especially from Iran……..Full Article: Source

 
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