16.06.2011 - Bank Negara issues new international Islamic banking licence to Bahrain bank
Bank Negara Malaysia (BNM) said that the Ministry of Finance has granted approval to issue a new international Islamic bank licence to Bahrain's Elaf Bank. Elaf Bank is allowed to conduct a wide array of Islamic banking business in international currencies other than Malaysian Ringgit, said BNM in a statement. The bank's presence in Malaysia will further stregthen the economic and financial linkages between Kuala Lumpur and Banrain and contribute further to the development of the Islamic financial system in Malaysia..............................................Full Article: Source
Print