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Malaysia in "final stages" for Islamic finance legal framework

Thu, 2012-12-20 17:12 — newsdesk

Malaysian central bank's governor confirmed that the new legislation for Islamic banking and takaful products is in the final stages. The new legislation should give a stronger legal basis to financial institutions. However, there was no time frame set for launch of the legal framework.

Source: 

http://uk.reuters.com/article/2012/12/19/uk-malaysia-banks-idUKBRE8BI088...