IslamOnline NetworkIslamOnline Network

   Home
Subscribe to Newsletter
Name:  
EMail:
 
 Home » Business » Islamic Finance Today

BNM may allow 2 foreign banks

23/11/2009 02:32:00 PM GMT   Comments ()     Add a comment   Print     E-mail to friend

Awang Adek Hussin, deputy finance minister of Malaysia, speaking on the sidelines of the Islamic Financial Planning and Wealth Management Conference in Kuala Lumpur in November 2009, confirmed that two foreign banks have been short listed by Bank Negara Malaysia, the central bank, in their applications for new Islamic banking licenses.

In April the Malaysian government as part of its on-going financial sector liberalization policy announced that Bank Negara Malaysia would give up to two new Islamic banking licenses to qualified foreign market players to establish new Islamic banks in the country with a paid-up capital of a minimum of $1 billion.

Source: Zawya

Loading comments ...
  Home   |  News   |  Islamic Business   |  Spotlight on Islam   |  Islamic Videos  
Copyright 1992-2007 Al Jazeera Publishing, Dubai, United Arab Emirates Privacy Policy  | About Us | Contact Us

IslamOnline is the leading and orginal Islamic portal on the Internet. Based in Dubai IslamOnline's objective is to protray a positive and accurate picture of Islam to the world as well as providing support services for Muslims as well as for non Muslims wishing to explore Islam. IslamOnline is the number one source for Islamic content in the Islamic world.

For Middle East Online Advertising enquiries contact alClick - Middle East Advertising here. alClick provides advertising and marketing across the Middle East.


 Regional Sites

Regional Pulse

- Islam Online
- Al Arabiya Digital
- alJazeera Magazine
- Sukuk
- Forex in Middle East