MALAYSIA - BANKING - Japanese Mizuho asks Malaysia permission to develop Islamic bank

REPUBLIKA.CO.ID, KUALA LUMPUR - Mizuho Financial Group Inc., the third largest bank in Japan, admitted asking the Malaysian government permission to develop service the shari'a in the neighboring state. Chief Executive Officer (CEO) and Director of Mizuho Financial Planning Hiroyuki Yoshinari speak this step is over the opening of branches of Mizuho Malaysia on Monday (5 / 9) ago.

"We have already submitted an application to Bank Negara Malaysia (BNM) and awaiting approval," he said as reported by The Sun Daily Malaysia. BNM optimistic his side will soon issue a permit erection of this syariah unit. (source)