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Malaysia central bank to expand new Islamic facility

Posted on 08 June 2012

Malaysia’s central bank will eventually expand its new Islamic money market funding facility to allow trades of the instrument between commercial banks, while introducing longer tenors, the central bank said on Thursday.
The central bank announced last week that it was launching a collateralised murabaha facility through which Islamic banks could obtain funds from the central bank by pledging high investment grade sukuk as collateral. The new facility aims to aid Islamic banks’ liquidity management………………………………………..Full Article: Source

 
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