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Legal Developments worldwide

Growth of Islamic Finance

April 2009 - Finance. Legal Developments by Loo & Partners.

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With the efforts of the Monetary Authority of Singapore (“MAS”), Singapore is moving closer to its well-published desire of becoming an Islamic finance centre in Asia. Singapore has been chosen as the first Asian country to host the 6th annual summit of Islamic Financial Services Board in May 2009. The hosting of the scheduled event underscores Singapore’s role as an international financial centre.

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