Three-way bank merger in Malaysia to disrupt old ways of Islamic finan
 

18-07-14 12:00 AM

KUALA LUMPUR/SYDNEY, July 18 (Reuters) - A proposed three-way merger in Malaysia will create the world's first Islamic bank that will have enough clout to challenge the dominance of conventional, often Western, banks in the industry and influence the way Islamic finance deals are made. The Islamic units of market leaders such as HSBC Holdings PLC and Standard Chartered PLC have long used their ...

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