(MENAFN- Qatar News Agency) Malaysia is willing to work with Britain to promote Islamic banking and positioning London as the capital for Islamic finance and investment, says Prime Minister Datuk Seri Najib Abdul Razak
In an interview with Malaysian National News Agency (Bernama ), Abdul Razak said London also has the expertise in banking particularly in conventional banking
The Malaysian prime ministerparticipated in the Ninth edition of the World Islamic Economic Forum (WIEF), the first to be held outside Islamic countries
He noted that "Islamic finance is based on sharing risk and it's more asset-based
Therefore, it's fairer and more equitable." "Islamic finance offers a very concrete model in a world that is full of uncertainties and certainly conventional finance, which is large and is based on speculative considerations," he said.
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