07.06.2012 - New Islamic funding facility may lure Gulf banks
Bank Negara is introducing an Islamic overnight funding facility which could encourage commercial banks from the Gulf to trade more in the country’s syariah-compliant money market. The collateralised murabahah facility, announced last week, “will add diversity to the existing liquidity management tools and further promotes greater liquidity in the Islamic financial market,” the central bank said...............................................Full Article: Source
Print