By Christopher W. Holton

Yet another sign that all is not well in the world of Shariah Finance.

Shariah finance has all but evaporated in Singapore and Malaysia, which has been regarded as the Shariah finance center for Asia, has shown signs of decline. Indonesia is looking to try to benefit, but one wonders what is happening that thriving financial centers like Singapore and Malaysia are on a negative trajectory in terms of Shariah finance…





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