Malaysia grants Islamic banking licence to firms (Gulf Daily News)

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KUALA LUMPUR: Malaysia’s central bank awarded two foreign currency Islamic banking licences to companies in Kuwait and Indonesia as it seeks to broaden the country’s Sharia finance success beyond its domestic market.Kuwait’s Al Aqeelah and Bank Muamalat Indonesia have been granted licences to do Islamic banking business in Malaysia with residents and non-residents in foreign currencies and …

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