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Alkhair International looking to buy bank in Malaysia

Wed, 2011-10-12 10:47 — newsdesk

Alkhair International Islamic Bank Malaysia is asking approval from Bank Negara Malaysia to begin talks to obtain a Malaysian bank. The reason seems to be the fact that this will permit them to affirm into the ringgit business.
Alkhair International posesses a licence to carry out Islamic banking business in non-ringgit currencies.

Source: 

http://www.cpifinancial.net/v2/News.aspx?v=1&aid=9641&sec=Islamic%20Finance