All
 

 

Just in:  

You are here: Home»Business»Banking & Finance»NBAD plans Islamic banking unit in Malaysia

 ABU DHABI: National Bank of Abu Dhabi plans to set up an Islamic banking unit in Malaysia after its conventional bank unit starts operations there in the third-quarter, its chief executive said on Sunday.

"We have a conventional licence. If the authorities allow us, we would like to have an element for an Islamic licence," Michael Tomalin told reporters at an Islamic forum. The executive did not provide more details on the plan.

The lender, largest by market value in the United Arab Emirates, also plans to expand operations in the Middle East and is awaiting banking licences in Lebanon and Syria.

NBAD plans to have 50 branches in Egypt by 2014 from 30 branches currently, he said.

Copyright Reuters, 2011


 



 
Index Closing Chg%
Arrow DJIA 17,730.11 0.16
Arrow Nasdaq 5,009.22 0.08
Arrow S&P 2,076.78 0.03
Arrow FTSE 6,585.78 0.67
Arrow DAX 11,058.39 0.37
Arrow CAC-40 4,808.22 0.57
Arrow Nikkei 20,539.79 0.08
Arrow H.Seng 26,064.11 0.83
Arrow Sensex 28,092.79 0.53





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk



Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln