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Islamic private banks need US$3 – US$5 billion in AUM to be profitable in Asia

As the likelihood of launching an Islamic private bank in Asia gets higher and higher with Bank Muamalat Malaysia drafting plans to do so in the next year, the challenge of reaching a threshold of US$3 billion to US$5 billion in assets under management (AUM) remains, according to Professor Shamsher Mohamad. While the potential for an Islamic private bank in…

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