first foreign bank to obtain a licence to establish an Islamic bank under the MIFC initiative.

Unicorn Investment Bank of Bahrain has received an Islamic banking licence from the Finance Minstry to establish a wholly-owned subsidiary, Unicorn International Islamic Bank Malaysia Bhd, under the Malaysian International Islamic Financial Centre (MIFC) initiative.


source:

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_2fd0ad22-cb73c03a-39060b00-cd866d15