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(From Business Times (Malaysia))
MALAYSIA recently launched a new initiative called the International Islamic Financial Centre (MIFC) which is aimed at further developing Malaysia as an international Islamic financial hub of vibrant, innovative and competitive financial services.
The initiative will be supported by high-calibre human capital, a world-class financial infrastructure and practices that meet the best international standards.
MIFC comprises a diversified range of financial institutions operating from anywhere within Malaysia which offer Islamic financial products and services in any currency to non-residents and residents with a niche …