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NBAD eyes Malaysian Islamic licence
- United Arab Emirates: Sunday, September 09 - 2012 at 10:00
The UAE's second-largest lender by assets, National Bank of Abu Dhabi (NBAD) has announced plans to seek an Islamic banking licence in Malaysia to meet demand for Shari'ah-compliant financing, Bloomberg has reported. The company wants to expand after starting non-Islamic commercial banking operations in Southeast Asia's third-largest economy in July, said Leong See Meng, CEO of National Bank of Abu Dhabi Malaysia Bhd. "There are opportunities across the board," said Leong.
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StaffSunday, September 09 - 2012 at 10:00 UAE local time (GMT+4)
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