Greater Collaboration Vital To Internationalise Islamic Finance

Collaboration between Islamic finance market players must be strengthened further in the effort to ensure continuous growth of the industry, especially in the international arena, said Kamarul Ariffin Mohd Jamil, Chief Executive Officer of Affin Islamic Bank Bhd. He also highlighted the fact that interest to venture into the Islamic finance industry has been expressed by non-Muslim countries such as Germany, Luxembourg, France, Australia, South Korean and Japan. The establishment of market infrastructure and regulatory frameworks in these countries are currently at various stages of development, he added. Moreover, the industry needs more professionals who are conversant and well trained in Islamic banking and finance.