Shari'ah-compliant ETFs, DIFX sukuk

Malaysia's government committee on exchange traded funds (ETFs) recommended the development of Shari'ah-compliant ETFs.

The Dubai International Financial Exchange (DIFX) saw its sukuk listings increase from $7.63 billion to $12.78 billion, a growth of 40 percent.

"This industry doesn't need more players, what it needs is size. The need is to create mega banks,"--Salman Younis, Kuwait Finance House (Malaysia) Bhd Managing Director