09.10.2012 - National Bank of Abu Dhabi to expand Islamic banking business
The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates (UAE) by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia. NBAD aims to derive up to 10 percent of its operating income from Islamic banking by 2020, from 3 percent presently, chief executive Michael Tomlin told reporters at the launch of its Malaysian subsidiary on Monday...............................................Full Article: Source
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