Malaysia will allow foreign banks to own bigger stakes in local lenders, grant more licenses and ease short-selling rules as it seeks to triple the size of its finance sector by the end of the decade, the central bank said.
Financing that complies with Islam’s ban on interest may account for 40 percent of the total by 2020, up from 29 percent in 2010, the central bank said. Malaysia’s debt securities market has almost tripled over the past decade to 867 billion ringgit ($273 billion), it said in report………………………………………..Full Article: Source