Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, last week called for greater micro- and macro-prudential surveillance of the burgeoning Islamic financial sector.

Zeti told an audience at the Islamic Investment Summit that the "new wave of internationalisation" for Islamic finance requires the development of enhanced regulatory, supervisory and legal frameworks.

In particular, she said, additional macro-prudential measures are needed to address the "close link" between Islamic finance