World's Largest Islamic Bank will Formed Next Year
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An Islamic bank with a capital of a very large, about three billion dollars, will be established next year. Establishment mega Islamic bank was delayed a few months from previous rancana at the end of this year.
Founder and Chairman of Al Baraka Islamic Bank, Sheikh Saleh Kamel, submit the plan on Tuesday (30/11) yesterday. Originally we planned''in the third quarter of this year, but the timing is not enough ... hopefully this can be realized next year,''he said in Jeddah to explain delays in the establishment of the bank.
| According to this Saudi Arabian millionaire origin, the establishment of the bank's next step will be discussed during the Islamic Development Bank (IDB) this month. Adnan Yousif, Chief Executive Officer of Al Baraka as well as adviser to the project, told Reuters said Islamic banks will have authorized capital of three billion dollars. Al Baraka of Bahrain-based bank was deliberately set up as a candidate to win one of two licensed Islamic banks with a minimum capital of one billion U.S. dollars by the Central Bank of Malaysia. Malaysia is heavily-incessant increase the financial services sector by relying on the flow of foreign investment capital. ''They're studying the Malaysian market, but there are two other locations being considered,''said Yousif. |
Source:www.republika.co.id
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