Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>  Malaysia News  >>  Capital Markets  >>  Malaysian firm in Australia to promote Islamic finance
NEWS UPDATES 25 January 2010

Malaysian firm in Australia to promote Islamic finance

Related Stories

January 24, 2010
Malaysian firm to take majority stake in Indian highway firm

January 22, 2010
Malaysia’s CIMB Thai unit posts profit for FY09

January 19, 2010
Citibank expects to ride credit card industry growth in Malaysia

Malaysian law firm Zaid Ibrahim & Co has been granted licences by Australian authorities to operate offices in Sydney and Melbourne to promote Islamic finance, the Australian daily reported.

The paper quoted chairman and senior partner of the firm Datuk Dr Nik Norzul Thani as saying that his firm was keen to take advantage of the growing interest in Islamic finances and was planning to open offices in Australia this year.

Dr Nik, who was in Australia recently, said his primary focus was to promote Islamic finance and provide syariah (sharia) advisory services. The firm also wanted to work with lawyers, bankers and accountants to facilitate investment from Malaysia to Australia and help firms wanting to do business in Malaysia.

The newspaper said Zaid Ibrahim's expansion comes at an opportune time as the Australian Financial Centre Forum this week recommended the government act to remove barriers to the development of Islamic finance.

"The greatest opportunity for Australia, in terms of assessing offshore capital pools to finance domestic investment needs competitively as possible, would appear to be in the area of developing syariah compliant-wholesale investment products," the report said.

The global market for Islamic financial services was estimated at $729 billion at end 2007, it said.


 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com