The world’s biggest souk for Islamic bonds, will issue a license before the end of the year to new Islamic bank that will be jointly set up by institutions through Asian countries and also the Middle East, Central Bank Governor Zeti Akhtar Aziz said.
The newly formed unit may have a capital with a least of $1 million, Zeti stated in an interview late the yesterday, without identifying the businesses or organizations involved. Another so-called “Mega Islamic Bank” authorization might be issued by the Central Bank institution next year, she stated.