DUBAI - Noor Islamic Bank PJSC, a lender controlled by Dubai’s government, may expand into Malaysia and Turkey as it seeks to attract more overseas business in the $1 trillion Shariah-compliant finance industry.
“We hope to open an office in Malaysia by the end of next year if we can get at least $500 million of business,” Chief Executive Officer Hussain Al Qemzi said in an interview in Kuala Lumpur on Tuesday. The Islamic lender may also open an office in Turkey, where it hopes to conclude $2 billion of business by year-end, he said. (source)
