Singapore’s Tai on deepening Islamic capital markets
Tai Boon Leong, an executive director at the Monetary Authority of Singapore, on Tuesday said the inclusion of a broader range of instruments in addition to sukuk products would improve the breadth and depth of Islamic capital markets.
At a seminar on Strategies for Development of Islamic Capital Markets in Singapore, Tai said: "The need to foster the orderly development of Islamic capital markets is clear from an overall macroeconomic perspective. The Asian financial crisis in the late 1990s
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