From Arabnews.com: Is the so-called impressive growth of Islamic finance in Asia more to do with hype than reality? Leaving aside the core markets of Malaysia and perhaps Brunei, where most of the recent developments in Islamic banking have been confined, nothing much is happening in the rest of Asia.
At best it is work in progress with governments and regulators either consulting or reviewing existing legislation to see how best tax neutrality and other measures can be introduced for the facilitation of Islamic financial products…………………………………….Full Article: Source