An interesting take on the possibility of Islamic hedge funds. One issue though is to determine whether hedge funds attaching the 'Islamic' label are "using markets wisely" and not "speculate, play passing the parcel as long as it's someone else" and deal with the fact that many of the interpretations used by many of the Malaysian firms are not accepted widely outside of Malaysia.
Malaysia is "losing a lot of experts in Islamic banking and finance" to other countries, says PM Badawi
Malaysia will cease to issue Islamic banking licenses to foreign investors. New foreign entrants will need to partner with local firms.
Indian Banks Association waiting on Reserve Bank of India to decide on the "regulatory framework for introducing sharia- compliant products"
A supplement in today's China Post promoting Malaysia as a center of Islamic finance.