Photo by Cheng Zhiyun
Project to Pilot Islamic Finance in Ningxia
Market, page 20
The EO learned that 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, told EO 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.
Original article: [Chinese]