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Islamic bank deposits in Labuan IBFC rises 14.5 pct to US$386.4 mln

Posted on 28 April 2010

From Bernama: Total deposits of full-pledged Islamic banks and Islamic windows of conventional banks operating in Labuan International Business and Financial Centre (IBFC) rose 14.5 per cent to US$386.4 million (US$1.00=RM3.18) as at Dec 31, 2009 from US$337.3 million in 2008.

There were six full-pledged Islamic banks and six Islamic windows of conventional banks operating during the period in Labuan IBFC, Labuan Financial Services Authority (Labuan FSA) said in its 2009 Annual Report released here today…………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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