Bank Alkhair is said planning to exit Malaysian market

KUALA LUMPUR (Bloomberg): Bahrain’s Bank Alkhair BSC is planning to exit Malaysia after operating in the world’s biggest Islamic bond market for more than a decade, people with knowledge of the matter said.

The lender’s local unit Alkhair International Islamic Bank Bhd is preparing to shut down its operations and is awaiting Malaysian central bank approval to proceed, according to the people.