Wednesday 27, June 2012 by Robin Amlôt

Bank Negara update on Islamic mega bank licences

A statement by the Malaysian central bank, Bank Negara Malaysia, said, “The issuance of an Islamic mega bank licence in Malaysia is to increase the international dimension of Islamic Finance in the Malaysian financial system and thus enhance Malaysia’s global economic and financial interlinkages with other parts of the world, in particular, with other emerging economies and international financial centres.

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