NBAD eyes Malaysian Islamic licence
In an announcement by National Bank of Abu Dhabi (NBAD) its plans to seek an Islamic banking licence in Malaysia were revealed. This licence is to meet the demand for Shari'ah-compliant financing. After starting non-Islamic commercial banking operations, the company endeavours further expansion. According to CEO of National Bank of Abu Dhabi Malaysia Bhd, Leong See Meng, good opportunities exist for operations abroad.
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