Malaysia plans Islamic licences for foreign banks

Bank Negara Malaysia Governor Zeti Akhtar Aziz said in a statement on Monday 2 June that following the faster-than-expected development of Islamic banking in Malaysia the bank plans to issue new Islamic banking licences to foreign banks.

Source: Dow Jones

Malaysia's central bank Monday said it plans to issue new Islamic banking licenses to foreign banks that are active in the global Islamic banking sector.

In a statement, Bank Negara Malaysia Governor Zeti Akhtar Aziz said the plan follows the

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