KUALA LUMPUR: Bank Muamalat Malaysia Bhd and Bank of Shi Zui Shan today signed a Memorandum of Understanding (MoU) for a partnership to develop Islamic banking in Yinchuan, China.
Bank Mualamat Chief Executive Officer Datuk Mohd Redza Shah Abdul Wahid said following the collaboration, the group hoped to work together with Shi Zui Shan Bank, and set up an Islamic bank in China over the next two years.
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