MALAYSIA: Jeddah-based IDB plans Islamic Centre of Excellence at Tun Razak Exchange

TRXBanner

KUALA LUMPUR, Dec 17 — The Islamic Development Bank (IDB) is considering developing an Islamic Centre of Excellence at the Tun Razak Exchange in the Greater Kuala Lumpur here in three to five years, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said today.

He said the centre of excellence would provide services in Islamic finance and banking-related transactions.

The project would be developed in collaboration with the Malaysian government, he said.

“The Malaysian government has always viewed IDB not only as an international institution but also as a partner in charting our nation’s growth,” he said in his speech at the IDB High Level Regional Forum today.

Headquartered in Jeddah, the IDB has four regional offices — in Rabat (Morocco), Kuala Lumpur, Almaty (Kazakhstan) and Dakar (Senegal). — Bernama

*This article by Bernama was re-published by The Malay Mail Online. Read the article here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s