May 11 (Bloomberg) -- Malaysia, which last month unveiled plans to open its Islamic finance industry further, is trying to lure larger overseas banks to provide services that comply with Muslim tenets, the central bank said. âWe would like to see our financial landscape have an international Islamic financial institution of a large size that can take international business, whether business in Europe, or South Korea or any part of the world,â Governor Zeti Akhtar Aziz said in a Bloomberg Television interview in Singapore on May 9. The Islamic finance market is âsignificantly untapped,â she said. Rising oil wealth and government initiatives have turned Islamic banking and insurance into an industry with $1 trillion in assets globally. Malaysia said last month it plans to issue as many as two Islamic banking licenses to overseas lenders this year and will let in more foreign banks.
Sukuk.net Wire External Story - Read full article here
Sukuk.net is not responsible for the content of external internet sites
|
