22.11.2010 - Malaysia aims to take Islamic finance to its next level
From Arabnews.com: Whether it is in the numerous speeches by the prime minister and his Cabinet, or by the regulatory officials; or in the National Development Plan; or in agreements signed with foreign governments; or in the investment strategies of its two sovereign wealth funds (SWFs). In Baku in June, Ahmad Husni Hanadzlah, the Second Finance Minister of Malaysia, called on the member countries of the Islamic Development Bank (IDB) to consider establishing "the world's first supra-sovereign wealth fund (SWF)" to invest in a Shariah-compliant way in Muslim economies on the same returns expectations as for the SWF industry in general..............................................Full Article: Source
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