KUALA LUMPUR: Bank Muamalat Malaysia Bhd is looking to launch the first Islamic private banking in Malaysia in a year’s time to tap into a strong growth market to expand its revenue stream.
“If everything is positive, then we will launch Islamic private banking next year,” Bank Muamalat chief executive officer (CEO) Datuk Mohd Redza Shah Abdul Wahid told reporters after signing a memorandum of understanding (MoU) with the Bank of London and the Middle East plc (BLME) here yesterday.
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