From Thestar.com.my: Bank Negara will announce one mega Islamic bank by this year under its plan to issue up to two mega Islamic banking licences. “We will announce one mega Islamic bank,” governor Tan Sri Dr Zeti Akhtar Aziz said yesterday on the sidelines of the Global Islamic Finance Forum 2010.
It was previously reported that Malaysia had shortlisted two foreign banks to be licensed as mega Islamic banks with a minimum capital of US$1bil each under the Government’s financial sector liberalisation measures announced last year……………………………………….Full Article: Source