Liberalization of Islamic banking sector not ruled out, BUSINESS TIMES

Business Times (Malaysia)

10-09-2002

MALAYSIA does not discount the possibility of liberalizing the
domestic Islamic banking and finance sector, and may issue licenses to
foreign players at a later date.
It would be a logical progression for the sector as Kuala Lumpur sets
up the secretariat for the Islamic Financial Services Board (IFSB), the
Islamic world's equivalent of the Basel-based Bank for International Settlement
(BIS).
One floor of the Bank Negara Malaysia building has been cleared to
temporarily house the IFSB secretaria