19.02.2013 - Malaysia to introduce legal framework for Islamic finance
Despite a compound annual growth rate of 20% to 35% and global syariah-compliant assets estimated at US$1.3 trillion (RM4.02 trillion) last year, there is still no comprehensive legal framework for global Islamic finance. But this will soon change when Malaysia introduces the world’s first comprehensive legal framework for the Islamic finance industry. Called the Islamic Financial Services Act 2012 (IFSA 2012), it is expected to be gazetted next month...........................................Full Article: Source
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