Bank Negara Malaysia (BNM) had signed an MoU on 26 February 2009, with the UK Trade and Investment (UKTI) to establish a collaborative framework to promote co-operation in the field of Islamic finance. This will pave the way for Malaysia and United Kingdom to strengthen co-operation in the development of talent, expertise, business linkages and infrastructure support in islamic finance.
This is indeed good news as it reflects the commitment to further develop the Islamic finance industry in the United Kingdom and Malaysia.
Sir Andrew Cahn, the Chief Executive Officer of UKTI has rightly mentioned in the news conference, " As conventional liquidity has become difficult to come by, companies are looking for alternative financial options, thus helping Islamic finance become part of the mainstream international finance market."
This is indeed good news as it reflects the commitment to further develop the Islamic finance industry in the United Kingdom and Malaysia.
Sir Andrew Cahn, the Chief Executive Officer of UKTI has rightly mentioned in the news conference, " As conventional liquidity has become difficult to come by, companies are looking for alternative financial options, thus helping Islamic finance become part of the mainstream international finance market."
