| From Legalbusinessonline.com: Monetary Authority of Singapore (MAS) advocates that Islamic finance products shall receive similar regulatory treatments as the conventional finance products.
However, MAS has not opted to have a separate Islamic finance regulatory regime that exists in parallel with the conventional framework. In this regard, MAS serves as the driving force behind the change in the laws and regulations pertaining to the governance, validation and enhancement of Islamic finance transactions.........Full Article: Source
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