Malaysia to award more Islamic fund house licences
The Securities Commission says the licences will be granted shortly. The first batch of licences went to Kuwait Finance House, DBS Bank and CIMB Principal last month.
Malaysia is set to award more Islamic fund management licences in line with its efforts to position itself as a global Islamic capital markets hub.Last month, MalaysiaÆs Securities Commission issued its first batch of Islamic fund management licences to Kuwait Finance House, DBS Bank and CIMB Principal.ôWe hope to announce the next batch of licencees shortly,ö says Zarinah Anwar, chairman of MalaysiaÆs Securities Commission. ôI am heartened by the strong response we have had and the q…
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