Boustead eyes Islamic banking ops in China
Boustead Holdings Bhd plans to establish an Islamic banking operations in China via a joint venture with its foreign partner the Bank of East Asia (BEA).
It was now “exploring that opportunity with BEA,” group managing director Tan Sri Lodin Wok Kamaruddin said, adding that the proposal was subject to approvals from the authorities concerned.
He said the potential for Islamic banking operations in China was “quite great” as there were some 100 million Muslims in the north-western region of the republic alone.
Source: the star online
