Muamalat plans Islamic finance in China

Bank Muamalat Malaysia will offer Islamic financing in China through booths as a step toward setting up the first full-fledged syariah-compliant lender in the world’s fastest-growing economy.
Malaysia’s second-oldest syariah bank plans to start offering loans and deposits by December at branches of local partner Bank of Shizuishan in the north-western region of Ningxia once it gets approval from regulators, Kuala Lumpur- based chief executive officer Mohd Redza Shah Abdul Wahid said in an Aug 28 interview.

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http://www.businesstimes.com.sg/premium/malaysia/muamalat-plans-islamic-finance-china-20120905

source : business times