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Malaysia: Poor understanding of Islamic finance among people

Posted on 07 December 2010

From Mmail.com.my: The biggest hindrance to the development of Islamic finance in Malaysia is the confusion that reigns over the workings and applications of shariah in relation to its activities, says CIMB Islamic Bank Bhd executive director and chief executive officer Badlisyah Abdul Ghani.
“A lot of people have a huge misconception that Islamic finance in the Middle East is somewhat better or more shariah-compliant than what is in Malaysia. Actually, Malaysia is the only country with the most comprehensive legislation, regulation, legal and shariah governance framework for Islamic finance,” he said……………………………………….Full Article: Source

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