Up, up and away
BY Ranajit Dam, Reuters |
As demand for Islamic financial services continues to grow globally, Malaysia has become a regional and global powerhouse in that industry; it is currently the world’s largest sukuk issuer, second-largest takaful (Islamic insurance) market and a major Islamic banking and securities market. And with a proactive government, a supportive and robust central regulatory system, Malaysia looks set to snatch even more of the global Islamic financial industry in the near future, says Ranajit Dam. Additional reporting by Al-Zaquan Amer Hamzah and Bernardo Vizcaino of Reuters