Malaysia: MBSB gets Bank Negara's nod for merger with AFB

Malaysia: MBSB gets Bank Negara's nod for merger with AFB

MBSB chairman Abdul Halim Ali and CEO Ahmad Zaini Othman, image taken from website.

Malaysia Building Society Bhd (MBSB) has received a green signal from Malaysian banking regulator Bank Negara Malaysia for its ongoing negotiations to merge with full fledged Islamic bank Asian Finance Bank (AFB), a development that brings MBSB closer to its dream of becoming an Islamic banker.

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