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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