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Malaysia likely to give Islamic licence to Abu Dhabi bank

Posted on 19 January 2010

From Themalaysianinsider.com: The government is likely to approve an Islamic banking licence for the National Bank of Abu Dhabi. The move comes before the administration unveils its new economic model in which the services sector, and in particular Islamic finance, is given more emphasis.

The likelihood of Bank Negara Malaysia giving the banking licence to the National Bank of Abu Dhabi was mentioned during a meeting between Prime Minister Datuk Seri Najib Razak and Khaldoun al-Mubarak, the chairman of the Abu Dhabi’s Executive Affairs Authority and the managing director of Mubadala, an investment group that has varied interests in Malaysia…………………………………Full Article: Source

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