From Timesofmalta.com: The Malta Financial Services Authority is close to concluding technical studies which will put it in a position to publish guidelines on an Islamic securities market in the first half of 2010. In the case of Islamic banking, a number of legal and technical difficulties have been identified that are being studied by the competent authorities before proceeding further.

Finance Minister Tonio Fenech revealed the lie of the land when he answered a parliamentary question by Labour MP Leo Brincat………………………………..Full Article: Source