BANKING - A slice of Turkey : Islamic finance

From east to west everyone wants a slice of Turkey. Last week at the same time the country was hosting a UK business delegation led by business secretary Vince Cable, Malaysia's Islamic finance big guns were in Ankara and Istanbul setting out on "the new silk route in Islamic finance". (source)

LAW - Malaysia sets up committee to enhance its legal framework as ‘The Laws of Choice’ for Islamic finance transactions

IN a move to position and strengthen its existing legal framework as ‘the Laws of Choice’ for Islamic financial transactions, Bank Negara Malaysia, the central bank, last week established a Law Harmonization Committee (LHC) comprising members from among key government stakeholders, including the Attorney General's Chambers as well as industry players and experienced Islamic finance legal practitioners.