VOL. XLV
No 45
11-November-2002
MALAYSIA
Islamic Banking Watchdog Founded In Malaysia
Eight Islamic countries have set up an agency to set standards for the Islamic financial system and ensure that Islamic financial institutions conform with the principles of Islamic shari'a laws. The Islamic Financial Services Board (IFSB) was founded by Malaysia, Indonesia, Bahrain, Saudi Arabia, Sudan, Iran, Kuwait and Pakistan and inaugurated in the Malaysian capital Kuala Lumpur on 3 November. Dr Rif'at...
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