2012 budget tonic for Malaysia's Islamic finance industry

The 2012 budget with the theme "National Transformation Policy, Welfare for the Rakyat, Well Being of the Nation" was delivered in October 2011 by Malaysian Finance Minister Najib Abdul Razak to the Dewan Rakyat (National Assembly).
Judging by the previous election, the next one will be just as tense.
Prime Minister Najib being one of the most proactive supporters of the Islamic finance industry in the Islamic finance space, the provisions announced in the 2012 budget are part of a continuum of a strategy to improve the role of Kuala Lumpur as a major international hub for Islamic finance and especially an origination center for cross-border sukuk, as opposed to electoral opportunism.