Markets

Malaysia to award more Islamic fund house licences

By Rita Raagas De Ramos | 14 August 2008
Keywords: malaysia | islamic | licenses

Subscriber Content Preview.
.

The Securities Commission says the licences will be granted shortly. The first batch of licences went to Kuwait Finance House, DBS Bank and CIMB Principal last month.

Malaysia is set to award more Islamic fund management licences in line with its efforts to position itself as a global Islamic capital markets hub.

Last month, Malaysia’s Securities Commission issued its first batch of Islamic fund management licences to Kuwait Finance House, DBS Bank and CIMB Principal.

“We hope to announce the next batch of licencees shortly,” says Zarinah Anwar, chairman of Malaysia’s Securities Commission. “I am heartened by the strong response we have had and the quality of the names that have been engaging with us. Many of these firms are looking ...

To continue reading this article, .

You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.

Log in below or buy a subscription to enjoy unlimited access to AsianInvestor.net's quickly growing 7,000 article database.

Username:

Password:

Remember me | Forgot your password?

Credit Suisse private banking hires retired UBS veteran

The bank appoints James Hong as its first private banking chief executive for Hong Kong. Meanwhile, managing directors Betty Tsui and Edith Lau are said to have quit UBS Wealth Management.

By Leigh Powell | 3 September 2010

Restructured RREEF to go more local

After a tough couple of years, Deutsche Bank’s alternatives-investment arm has narrowed its investments solely to property and its Asia-Pacific client focus to four countries.

By Joe Marsh | 3 September 2010

Taxes raise cost of business in China for fund managers

The government is now implementing long-standing tax rules on fees accrued for managing overseas investments for mainland institutions.

By Jame DiBiasio | 3 September 2010

Asset Owners	Alternatives
Moves People Moves Business Moves	Markets
Distribution	Services
Views Outlooks Comment	Awards
Webcasts	Conference Highlights