Banking licences to boost Malaysian Islamic finance‎

Malaysia Business:Bank Negara Malaysia’s deputy governor Datuk Mohd Razif Abd Kadir told reporters that the issuance of two Islamic banking licences with US$1 billion capital, later this year, will significantly boost the country’s position as a hub for Islamic finance.“This is a major liberalisation and a real breakthrough in line with the government’s move to further liberalise some of the strategic sectors,” he said...continue