TheStar
KUALA LUMPUR: The Securities Commission (SC) has granted two additional Islamic Fund Management licences to India’s leading fund management company Reliance Capital Asset Management and Kuwait-based Global Investment House, said Deputy Prime Minister Datuk Seri Najib Razak.
Leading firms, including Prudential, were using the country as their regional centre for Islamic fund management activities, reaffirming their confidence in it as an international Islamic financial centre, he said.
“There are several other leading firms being reviewed by the SC for licences,” he said in his address at the opening of the 5th Kuala Lumpur Islamic Finance Forum (KLIFF 2008) yesterday.
The event was organised by the Centre for Research and Training and co-hosted by the Labuan Offshore Financial Services Authority and the Halal Industry Development Corp. - Bernama
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