KUALA LUMPUR: Bank Negara will issue new conditional licences under the Islamic Banking Act and Takaful Act to allow qualified local and foreign lenders and even takaful operators to conduct the full range of Islamic banking and takaful business in foreign currencies, said governor Tan Sri Dr Zeti Akhtar Aziz.
The move, she said, would augment Malaysia’s position as it strengthened itself as an international Islamic financial hub and, at the same time, “enhance the capabilities of foreign players that have identified Malaysia as a centre to serve the regional markets.”