17.02.2011 - Islamic megabank gets Bahrain, Malaysia approvals
From Reuters: A long-touted Islamic megabank has received approval from Bahrain and a preliminary green light from Malaysia to begin operations, an organizer said on Wednesday. Saudi Arabia's Sheikh Saleh Kamel -- who is founder and chairman of Bahrain-based Islamic bank Al Baraka BARKA.BH and spearheaded the megabank initiative -- said the venture is still in discussions with Qatar to obtain a licence..............................................Full Article: Source
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