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Thursday, 30 August 2007

Forge alliances, Islamic banking players told

ISLAMIC banking and financial players need to forge strategic alliances to boost the development of the industry in the country, Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz said. “We are encouraging strategic alliances because we want new players to come in to add value to the partnerships,” she told reporters after the INCEIF Global Forum in Kuala Lumpur today. She said the alliances were expected to bring synergy and would benefit the country’s financial system and economy. Zeti, who was one of the speakers at the forum, said this in response to a question whether the central bank planned to give out more licences to foreign Islamic banks. — (Bernama, 30 Aug 07)

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