Just attended the recent Malaysian Islamic Finance 2-day forum...must say it gave me numerous insights into the world of Islamic financial industry..just name it sukuk, mudharabah, musyakarah, ijarah, commodity-based mudharabah, Islamic derivatives, Islamic REITs; talk about product innovation..im impressed..the Islamic finance industy is already said to be worth trillions of US dollars...wow....n to think that the majority of investors in Islamic financial instruments are non-muslims, what a remarkable revelation!
with petro-dollars swelling from the Gulf nations, the industry is reputed to grow even further..now everyone is into Islamic finance..just name it, Bahrain, Dubai, Singapore, Qatar....n Malaysia....Malaysia has already an Islamic finance initiative by the name of the Malaysian Islamic Financial Centre (or MIFC) in place...the next big question is, are we ready to be a major player??
p/s: must say that the moderator by the name of AbdelKader Thomas (Shape) was cool n knowledgable.......
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