M'SIA AND UK TO PROMOTE CROSS-BORDER ISLAMIC FINANCE BUSINESS

KUALA LUMPUR, April 30 (Bernama) -- Malaysian and British Islamic
banks have agreed to greater collaboration in cross-border Islamic liquidity
management transactions, the Association of Islamic Banking Institutions
Malaysia (AIBIM) said Friday.

The decision was made at the end of the two-day Malaysian-UK Islamic
Treasurers Workshop, held in London from April 12.

The workshop, part of a four-day business visit to London, was aimed at
encouraging greater interaction between and harmonising business practices of
Malaysian and British Islamic banks.

Attended by over 40 senior treasury officials from both countries, the
workshop was supported by Malaysia's central bank Bank Negara Malaysia and
facilitated by the AIBIM.

RHB Banking Group Treasurer Datin Zaimah Zakaria, who led the Malaysian
delegation, said the business visit was part of continuous efforts by Islamic
banks in Malaysia to link Kuala Lumpur with other major international financial
hubs.

Besides London, Malaysian Islamic banks have organised similar business
visits to Hong Kong and Jakarta, Indonesia.

AIBIM said Malaysian bankers and their UK counterparts were confident
cross-border business activities between Islamic banks in both countries would
be further enhanced following the visit.
-- BERNAMA


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