Deutsche Bank gets international Islamic banking licence in Malaysia

Deutsche Bank has received an international Islamic banking licence in Malaysia, allowing it to more easily provide Islamic commercial and investment banking services denominated in foreign currencies to institutional clients throughout Asia. The licence was given by the central bank, Bank Negara Malaysia.

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

Raymond Yeoh, chief country officer for Deutsche Bank Malaysia, says the new licence gives clients in Asia better access to the bank's global Islamic banking platform. Deutsche Bank has a proven track record of innovation in wholesale Islamic...