OIC - COOPERATION ISLAMIC CAPITAL MARKETS - Memorandum of Understanding between Bank Negara Malaysia and Central Bank of the Republic of Turkey

www.bnm.gov.my - A Memorandum of Understanding (MoU) has been signed between Bank Negara Malaysia and the Central Bank of the Republic of Turkey on 16 May 2012 in Istanbul, Turkey by Dr. Zeti Akhtar Aziz, Governor of the Bank Negara Malaysia and Dr. Erdem Başçı, Governor of the Central Bank of the Republic of Turkey.

The MoU aims to foster strategic cooperation between Malaysia and the Republic of Turkey towards promoting bilateral investment and liquidity arrangements, to support the development of the financial services sector in both countries, and to enhance economic and financial linkages between the two countries through bilateral trade and investment. This will also include building the required financial infrastructure, payments and settlements arrangements to facilitate bilateral trade in the respective local currencies of the two countries. (source)

FINANCE - Liquidity management - Islamic finance boost via IILM: Zeti

The establishment of the International Islamic Liquidity Management Corp (IILM) will further enhance the capacity of Islamic finance in facilitating efficient cross-border flows, Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, said today.

FINANCE - Shariah Money Markets Expand With Global Bills: Islamic Finance

Oct. 12 (Bloomberg) -- The first global Shariah-compliant money-market securities may be sold early next year, providing Islamic banks with more opportunities to invest reserves and boost profits.