Deutsche launches sharia custody and fund services in Malaysia

Deutsche Bank has launched a sharia-compliant custody and fund service in Malaysia, which it says is the first product of its kind in the country. Islamic Securities Services targets Malaysian and foreign Islamic fund providers and adds to an increasing number of such offerings from the German bank. The firm says the growth of its sharia-compliant business is outpacing its conventional business. Islamic Securities Services follows the launch of an Islamic banking window in April las…