Bank Negara buys land to create ‘financial education hub’
The land is intended for institutions promoting research into Islamic finance
Bank Negara Malaysia has acquired a piece of land from the Malaysian government at a cost of two billion Malaysian ringgit ($500 million), with the aim of creating a “financial education hub”.
The 55.79 acres of land is intended for the relocation of the Global Islamic Finance University and the International Shari’ah Research Academy for Islamic Finance, BNM said in a statement released on January 4.
According to BNM, the completion of this transaction is the “culmination of several months of
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