Govts, central banks urged to further promote Islamic banking

THE Organisation of Islamic Conference (OIC) governments and central banks should intensify their efforts to act as catalyst and support providers of Islamic banking, managing director of United Arab Emirates-based Citi Islamic Investment Bank E.C. Saad-Uz Zaman said.  

Saad-Uz said the governments could promote the establishment and development of Islamic institutions and instruments via favourable policy changes while the central banks could help develop alternative regulatory mechanisms.