‘M’sia has a clear lead in Islamic capital market’

The nation’s Islamic capital market is seen as being intelligently positioned within the evolving Islamic financial-services industry.
As one of the panel members at the 17th Annual World Islamic Banking Conference 2010 (WIBC 2010) in Manama, Bahrain, Zakariya cited two key factors that must be taken into consideration when tackling legal constraints namely the competency of the civil courts in hearing Islamic banking and finance cases, as well as the adherence to a recognised body such as the Syariah Advisory Council of Bank Negara, or Securities Commission of Malaysia.

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