Malaysia’s highest office is throwing its weight behind Islamic venture capital and private equity. PM Najib Razak acknowledged that Islamic VC is still at an embryonic stage but that a greater awareness and understanding of Islamic finance itself could entice investors to risk their capital by investing in specific business opportunities.
Malaysia has been building its Islamic VC regulatory framework for some years now, releasing a ‘Guidelines and Best Practices on Islamic Venture Capital’ report in 2008. But growth is slow. ……………………………………….Full Article: Source