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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Malaysia to seek large Islamic banks for international reach

Posted on 11 May 2009

From Bloomberg: Malaysia, which last month unveiled plans to open its Islamic finance industry further, is trying to lure larger overseas banks to provide services that comply with Muslim tenets, the central bank said.

“We would like to see our financial landscape have an international Islamic financial institution of a large size that can take international business, whether business in Europe, or South Korea or any part of the world,” Governor Zeti Akhtar Aziz said in a Bloomberg Television interview in Singapore on May 9…….Full Article: Source

 
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