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More Islamic banking licences to mark industry’s significant development

Posted on 27 April 2010

From Bernama: The issuance of two more mega Islamic banking licences with US$1 billion capital, which is expected to be announced by June this year, will mark a significant development in the Malaysian Islamic finance industry.

Bank Negara Malaysia’s deputy governor Datuk Mohd Razif Abd Kadir said the move would be a major step in liberalising the Islamic financial sector…………………………………..Full Article: Source

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