DEUTSCHE BANK AG RECEIVES INTERNATIONAL ISLAMIC BANKING LICENCE

KUALA LUMPUR, March 1 (Bernama) -- Deutsche Bank AG has received an
international Islamic banking licence from Bank Negara Malaysia(BNM), Malaysia's
central bank.

This allows the bank to easily provide Islamic commercial and investment
services denominated in foreign currencies to institutional clients throughout
Asia, the bank said in a statement here Monday.

Deutsche Bank AG, International Islamic Banking, Malaysia Branch, will
provide a range of products, from simple flow requirements to more tailored
structures that fit the individual needs of its corporate and institutional
clients.

The Chief Country Officer of Deutsche Bank (Malaysia) Bhd Raymond Yeoh said
the new licence, would give clients in Asia, better access to its leading
global Islamic banking platform.

"Deutsche Bank has a proven track record of innovation in wholesale Islamic
finance.

"Our Islamic banking licence will make this innovation more easily
available to clients in Asia while contributing to Malaysia's position as an
international Islamic finance centre," he added.

Meanwhile, Jamzidi Khalid, Chief Executive Officer of Deutsche Bank's
International Islamic Banking and Head of Islamic Structuring for Asia ex-Japan,
said the licence would help make its leading conventional products and
services more accessible to clients with Shari'ah-compliant financial needs.

He said this was particularly true of the Islamic bond market, where the
bank hoped to leverage on its position as the number one arranger of
conventional international bonds in Asia.

Asia accounted for over half of all Islamic bond (sukuk) issuance in 2009,
with US$11.74 billion issued from the region and US$20.41 globally, according to
Zawya Dow Jones.

Deutsche Bank is currently ranked number one for international Islamic bond
issuance and Asian international bond issuance for 2010 to date, according to
Bloomberg, besides being a leading provider of Islamic financial services in
Asia.

In 2008, the bank jointly closed Asia's first-ever concurrent exchangeable
sukuk and equity placement, with a USS1.4 billion deal for the Parkson Retail
Group.

This followed a US$850 million sukuk offering that was exchangeable into
Plus Expressways, which successfully closed in July 2007.

Deutsche Bank has also been active in providing a range of investment and
risk management products to institutional clients in Asia, including investment
and risk management structures.

The statement also said Deutsche Bank worked with a leading panel of Islamic
scholars to ensure strict compliance of its products with Shari'ah principles.
-- BERNAMA