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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.
Stock exchange operator Bursa Malaysia has a dilemma.
Shares in oil and gas services provider Tanjung Offshore Bhd closed 10 sen higher at RM2.87 yesterday, mainly driven by increased investor confidence following the approval of the company's proposed transfer to Bursa Malaysia main board.