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Cross-border deals seen driving Shariah finance growth

Posted on 18 October 2011

The rise in Islamic capital markets will be fuelled by more cross-border deals but the disparity in tax and legal framework across jurisdictions needs to be addressed, Malaysia’s market regulator said on Monday.
Increased harmonisation in sharia interpretation and more guidelines from global industry bodies will provide a common platform for cross-border transactions as would collaboration among countries, said the Securities Commission, which oversees the world’s largest Islamic bond market……………………………………….Full Article: Source

 
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