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Singapore aims at Islamic capital markets hub

Posted on 11 May 2009

From Arabnews.com: Another sign of the growing march of Islamic finance in South and East Asia is the numerous developments that emerged at the 6th Annual Islamic Financial Services Board (IFSB) summit held in Singapore last week.

No sooner had Malaysia announced that it was liberalizing its financial services sector, including the issuing of two new mega-Islamic banking licenses in 2009 with a minimum capital of $1 billion each to foreign players, that Singapore launched at the summit another two regulations, as well as a consolidated set of guidelines on the application of banking regulations to Islamic banking…….Full Article: Source

 
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