The Islamic finance industry needs to redefine and establish the enabling environment to spur its next phase of growth, says Securities Commission executive director for Islamic capital market Zainal Izlan Zainal Abidin.
He said the industry is currently at a crucial stage as it moves to the next growth phase, which will be dominated by greater internationalisation. In the next phase, more product issues and service providers are expected to expand beyond their home markets, where investors will be seeking products or instruments with international exposure………………………………………..Full Article: Source