China's Banking Regulatory Commission had given approval to Bank of Ningxia to undertake an Islamic financial services project. A source familiar with the matter said according to suggestions from regulatory bodies, the bank would likely set up a special department or create special service windows in its branches capable of providing Islamic financial services.
Lu Suping, the bank's chairman, tsaid that establishing a special branch for Islamic finance was the bank's idea. A special branch would also be built and designed in an Islamic style and they would recruit a Muslim branch manager.
Islamic finance chatbot
1 year ago
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