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Islamic Finance Briefing - Categorized | Banking, People, Performance more

Malaysian banking scene developing well

Posted on 30 October 2012

As one of the pioneers and big players in Malaysia’s banking scene, Hussain Najadi is impressed with the progress made since he entered the local sector some 27 years ago.
Najadi also believed that Islamic banking has done extremely well in Malaysia, but tighter governance on the quality and the type of Islamic sukuk must be well placed to comply with syariah rules and guidance. “This must be done in substance and not only in forms,” he explained. “Islamic banking must become a risk sharing platform with savers and not interest bearing loan with mortgages and foreclosures. ……………………………………….Full Article: Source

 
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