The fast-growing Islamic financial sector needs strong regulation to ensure it never faces the damage suffered by the global system as a result of the financial crisis, Malaysia’s prime minister said yesterday.
Najib Razak, whose government oversees one of the world’s largest and most comprehensive Islamic financial sectors, said it was “imperative for the industry to draw upon the lessons learnt to ensure that we avoid any such financial instability in the future”.
Mr Najib said the Islamic financial system was attracting growing global attention as conventional financial institutions continued to reel from huge losses.
No comments:
Post a Comment