07.01.2013 - Malaysia leads in Islamic finance
More than a fifth of the country's banking system, by assets, is syariah-compliant. OF Malaysia's claims to fame, leadership in financial services is not an obvious one. Yet in some ways, the country is the world's most important Islamic-finance centre. Just more than a fifth of the country's banking system, by assets, is syariah-compliant; the average for Muslim countries is more like 12 per cent, and often a lot less. Malaysia dominates the global market for sukuk, or Islamic bonds...............................................Full Article: Source
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