Malaysia as center of product innovation in Islamic finance
Islamic Financial Markets: Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia
“Malaysia is enhancing the international dimension of its Islamic banking and financial market, with the introduction of increased foreign participation.”
“…this partnership [Bank Islam Malaysia Berhad, Dubai Financial Limited Liability Company (LLC) and Lembaga Tabung Haji] also serves to enhance Malaysia as a centre of product innovation in Islamic finance. Indeed, conscious efforts have been made to ensure a conducive environment for innovation in Malaysia, including the development of the necessary pool of expertise and talent to drive such innovation. Within Bank Islam itself, there is a track record and brand name for innovation, with the development of new business models and product offerings.”