Bank Negara may review lawsto boost Islamic banking.
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BANK Negara Malaysia is looking at incorporating Syariah principles into common law-based domestic legislation to remove impediments to the development of an Islamic banking and financial system. Its governor Tan Sri Dr Zeti Akhtar Aziz said a review of common law-based legislation will cover tax and stamp duty, company, land and procedural laws. She said the review is also to ensure unhindered and efficient functioning of the Islamic banking… |