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Islamic finance could host renminbi trades

Posted on 04 May 2012

Zeti Akhtar AzizChina could be the next staging ground for Islamic finance deals, Malaysia’s central bank governor Zeti Akhtar Aziz has said. Islamic finance is set to build on its position as the fastest growing sector in international finance by expanding into new markets such as China, according to Zeti Akhtar Aziz, the governor of Malaysia’s central bank.
“It is taking place not only in Asia but the Middle East as well as other parts of the world and it is growing because this is a form of financing linked to the creation of economic activity, generating income and wealth,” she said………………………………………..Full Article: Source

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