| Bahrain-based Elaf Bank, licensed by the Central Bank of Bahrain to operate as a wholesale Islamic bank with a paid-up capital of $200 million, has been granted a license by the Ministry of Finance Malaysia to open a branch office under the Malaysia International Islamic Finance initiative in Malaysia.
Elaf Bank was presented with the license during a formal ceremony held at Bank Negara Malaysia on Wednesday in the presence of key officials and representatives from both sides..............................................Full Article: Source
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