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Thursday, April 14, 2011

Islamic Finance significant in Malaysian ETP

Islamic Finance is the major focus of Malaysian Prime Minister Mohd Najib bin Abdul Razak and plays an important role in the country’s ETP economic transformation program.

The ETP is used to create and establish strong economic relations between developed countries and Asia and Middle East regions. The program will assist in maintaining and increasing economic growth in all countries who participate in Islamic Finance. By way of introduction into Islamic cultures the economic transformation program enhances the financial and trade flows between the Middle East and Asia. The Islamic cultures worldwide stick together and endeavor to group together because in unison they see strength and growth in employment and services which helps all economies. Economic strength is viewed as power and power means they can exert control and initiate and implement new methodologies and financial processes. Working together – Earning together – Spending together!

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