MALAYSIA will issue Islamic banking licences to qualified foreign players with a presence in the global Islamic banking industry, said Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
The move was part of the central bank's effort to spur the overall development of the Islamic financial system in the country, and of Malaysia as a regional financial hub for Islamic banking and finance, she said at the launch of CIMB's Islamic financial services business in Kuala Lumpur yesterday.
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