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Bangladesh: Islamic money market in the offing

Posted on 27 June 2011

The central bank will allow an Islamic money market to manage liquidity of the Shariah-based Islamic banks properly, a top official of the central bank told the FE Saturday. “The issue was discussed at a meeting with chief executive officers and managing directors of seven Islamic banks at the central bank on June 20 last,” he added.
The official also said Malaysia has already allowed the Islamic money market to manage fund of the Islamic banks………………………………………..Full Article: Source

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