Alkhair Islamic Bank eyes acquisitions in S-E Asia

KUALA LUMPUR: Alkhair International Islamic Bank Bhd, which had previously eyed a stake in Bank Islam Bhd, is looking at potential acquisitions in South-East Asia to expand its banking footprint in the region.

Its new chief executive officer Datuk Adissadikin Ali said as a niche bank and with transactions conducted in non-ringgit, it made sense for the bank to expand regionally due to its market size.