Malaysian Bank Claims to be Developing New Instruments to Aid Cross Border Islamic Transactions and Liquidity and–Surprise–Refuses to Disclose Details
Bank Negara of Malaysia claims to be in the final stages of developing instruments that will facilitate cross- border transactions by financial institutions to improve liquidity in the Islamic banking system. After announcing this development, the bank declined to provide any details. This is a microcosm of Shariah-Compliant Finance: big on claims, small on disclosure and transparency…
http://biz.thestar.com.my/news/story.asp?file=/2010/5/21/business/6306274&sec=business
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