09.12.2008 - Malaysia's RHB Islamic drops controversial contract
Malaysian sharia lender RHB Islamic Bank Bhd will no longer use a contract rejected as un-Islamic by Middle Eastern scholars, in a bid to adopt globally accepted sharia standards. RHB Islamic, the sharia banking arm of Malaysia's fourth-largest lender RHB, has dropped the use of the bai bithaman ajil structure, the Malaysian Reserve said, quoting RHB Islamic's head of sharia division Ahmad Suhaimi Yahya..... Full Article: Source