BNM, SC beefing up Islamic banking, finance through MIFC: PM

Bank Negara Malaysia (BNM) and the Securities Commission (SC) have been taking steps to ensure the sustainability and effectiveness of the Islamic finance system by raising the standards to not only halal, but also 'halalan thoyyiban' (lawful and good).

Prime Minister Datuk Seri Anwar Ibrahim said BNM and the SC have charted the course towards halalan thoyyiban via the Malaysia International Islamic Financial Centre through collaborations with the industry and the Islamic finance ecosystem, including zakat and waqf boards, the banking system, Islamic stock market and sukuk.

Read more here