Malaysia, Indonesia should forge alliance to enhance Islamic finance, fintech growth in Asean, says Bank Negara

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 17 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 86%

Malaysia News

Indonesia,Should,Forge

KUALA LUMPUR, April 23 — Leading countries in the Islamic finance space within the Asean region, such as Malaysia and Indonesia, should collaborate in the banking and takaful...

Bank Negara Malaysia deputy governor Adnan Zaylani said Malaysia and Indonesia should collaborate in the banking and takaful sectors.

“Financial services across countries, especially product acceptance across different countries, would be more fluid . To achieve this at the global level of acceptance could be challenging, but we could start in Asean first,” he said during the panel session titled “SEA’s Next Big Fintech Export: Islamic Finance” at the KL20 Summit 2024 here, today.

Elaborating further, he said Malaysia has an overall framework in which existing banks could collaborate in Islamic fintech as the segment has a lot of opportunities to complement the financial sector.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines