EPICENTRE - Offshore Financial Centres Attractive for Islamic Finance

August 2015 / Syawal 1436H As the Islamic financial industry continues to experience exponential growth, offshore financial centers (OFCs) are keen to market their value for the development of Islamic financial products. OFCs are working towards establishing comprehensive eco-systems to gain competitive advantages over other jurisdictions for Islamic finance. Most OFCs promote the element of low taxes or low costs of doing business to attract international Islamic finance businesses. OTHER HIGHLIGHTS: INCEIF Shares Islamic Microfinance Know-how with Cambodia INCEIF had the opportunity to share the experience in developing Islamic micro-financing institutions with an international audience in the capital city of Cambodia. The roundtable provided a platform to discuss issues of interest to investors. It brought together corporate leaders to explore areas of investment, commercial opportunities and collaboration in Islamic microfinance. READ MORE HERE Please log on to www.mifc.com or call +603 26923481 for more information. Copyright © 2015 Bank Negara Malaysia. All rights reserved. DISCLAIMER :The copyright and any other rights in the selection, coordination, arrangement and enhancement of the information in this electronic newsletter are owned by Bank Negara Malaysia. No part of this electronic newsletter may be modified, reproduced or published without prior permission in writing from Bank Negara Malaysia and the relevant copyright owner. Although every effort has been made to ensure the timeliness, accuracy, adequacy and completeness of this electronic newsletter, Bank Negara Malaysia accepts no responsibility or liability for errors or omissions, if any. The information contained in this electronic newsletter is only up-to-date at the time of transmission, and is not exhaustive and may be updated from time to time on the website: www.mifc.com. Bank Negara Malaysia shall not be liable for loss or damage caused by viruses transmitted by this electronic newsletter. Bank Negara Malaysia is not responsible for any unauthorised changes made to the information in this electronic newsletter or for the effect of such changes. Bank Negara Malaysia appreciates any feedback or suggestions for improvement.