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Islamic Finance Briefing - Categorized | Insurance (Takaful), Market Moves more

Islamic deposit insurance to create level playing field among banks

Posted on 24 November 2009

From Thestar.com.my: The role of Islamic deposit insurance is to create a level playing field between Islamic and conventional banks apart from maintaining a foundation for public confidence to the banks, says Malaysia Deposit Insurance Corp (MDIC) chief executive officer Jean Pierre Sabourin.

“Apart from that, the role of Islamic deposit insurance is to reinforce the consumer protection aspects that are inherent in Islam,” he said at the 3rd Islamic Financial Services Board (IFSB) Public Lecture on Financial Policy and Stability yesterday………………………..Full Article: Source

 
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