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KUALA LUMPUR: National Fatwa Council chairman Tan Sri Dr Abdul Shukor Husin has clarified that the council's declaration that foreign exchange (forex) trading was "haram" only applied to real-time individual spot forex transactions through the electronic medium.
KUALA LUMPUR: Bank Negara Malaysia clarified on Thursday that the buying and selling of foreign currency in Malaysia is only allowed with licensed commercial banks, Islamic banks, investment banks and international Islamic banks as provided for under the Exchange Control Act 1953.
KUALA LUMPUR: The Government has set up a special task force to address the huge illicit outflow of money - believed to be in the billions of ringgit - from the country.