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Malaysian Government to detail Islamic finance parameters

Posted on 05 April 2012

Under Malaysia’s Economic Transformation Programme, Entry-Point Project 10 (EPP 10) the Government in Kuala Lumpur will issue Shari’ah parameters on Mudharabah, Musharakah, Ijarah and Istina this year.
EPP 10 has been formulated with the aim of increasing Malaysia’s share of global Islamic banking assets to 13 per cent in 2020 from eight per cent now. The latest Economic Transformation Programme (ETP) Annual Report 2011 released by the Performance Management and Delivery Unit (PEMANDU) also highlights plans for the Islamic Omnibus Act which encompasses licensing framework, supervisory powers, prudential requirements……………………………………….Full Article: Source

 
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