Deutsche Bank Malaysia secures international Islamic banking license

Bank Negara Malaysia allowed Asia to have better access on lender's global Islamic banking platform.

Deutsche Bank has received an international Islamic banking license from Bank Negara Malaysia, allowing the bank to provide Islamic commercial and investment banking services denominated in foreign currencies to institutional clients throughout Asia.

Deutsche Bank said that its international Islamic banking's Malaysia branch will provide a range of products, from flow requirements to structures that fit the individual needs of the bank's corporate and institutional clients.

Raymond Yeoh, chief country officer for Deutsche Bank (Malaysia), said that the new license gives clients in Asia better access to Deutsche's global Islamic banking platform.

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