Malaysia’s Islamic finance industry has more room to advance in corporate governance practices and to be in the global platform as its prudent regulatory framework is seen as a global benchmark. Malaysia has a comprehensive regulatory and governance framework that catered to the unique characteristics of Islamic finance with stronger standards, said Deloitte’s global Islamic finance leader Daud Vicary Abdullah.
“We need to play by the global rules to be on the global platform. We have a good level of regulatory and governance framework that could be benchmarked as world standard,” he said……………………………………….Full Article: Source