Islamic bank licence: Ahmad Zaini Othman(Inset) had said ?that a corporate exercise was inevitable for the financial institution in an increasingly competitive landscape.
PETALING JAYA: Malaysia Building Society Bhd
(MBSB), one of the non-conventional banks in the local financial industry, is on track to obtaining a full-fledged Islamic banking licence with plans under way for a merger with Bank Muamalat.
Sources said the plans were being crafted as part of MBSB’s vision to obtain a full-fledged Islamic banking licence.
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