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Singapore to refine Islamic finance rules to boost industry

Posted on 07 May 2009

From Bloomberg: The Monetary Authority of Singapore said it plans to refine its Islamic finance regulations to boost the industry, betting demand will grow as investors seek alternative assets.

There’s still interest in bonds and other products that comply with Muslim Shariah law amid the global financial crisis, the central bank’s Managing Director Heng Swee Keat said in an interview in Singapore yesterday. The city state will maintain its regulation standards as it grows its Islamic finance market, he said…….Full Article: Source

 
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