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Wednesday, October 3, 2012

Malaysia To Bank On Islamic Finance To Boost Financial Integration

18 Zulkaedah 1433


KUALA LUMPUR, Oct 3, 2012- Malaysia will be consolidating and capitalising on its comparative edge in Islamic finance to intensify financial integration and connectivity with international economies, mainly to support expansion of trade and investment activities.

Deputy Finance Minister, Datuk Dr Awang Adek Hussin, said Islamic finance has proven to be a potent tool for the nation to achieve more inclusive, well-rounded and sustainable economic development.

He said Islamic finance started as a strategy for greater financial inclusion in reaching out to the underserved segment of the Muslims and has progressed into a competitive form of financial intermediation for retail customers, businesses and the government.

More information: BERNAMA

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