Wednesday, August 4, 2010

CIMB applies for Thai Islamic licence

The central bank of Thailand has received about 10 applications to set up stand alone Islamic banks in the country, including one from Malaysia, said Islamic Bank of Thailand (IBT) president Dheerasak Suwannayos. The other applications are all from Middle East nations such as Kuwait, Qatar and United Arab Emirates. (The Malaysian Reserve, July 12, 2010, p1)

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