Deutsche Bank gets nod for Islamic finance hub in Malaysia

01 Mar 2010

Deutsche Bank has been awarded an international Islamic banking license by Malaysia’s central bank, giving the German bank a base from which it can conduct shariah-complaint business across Asia.

The license allows Deutsche to use its Malaysian office to carry out Islamic banking business with clients outside of the country, in any foreign currency apart from the Israeli shekl. Deutsche will aim to use the license to increase its business with both investors and issuers in the ...

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