"... (Malaysia) is the world’s most important Islamic-finance centre. Just over a fifth of the country’s banking system, by assets, is sharia-compliant; the average for Muslim countries is more like 12%, and often a lot less. Malaysia dominates the global market for sukuk, or Islamic bonds. The country issued the world’s first sovereign sukuk in 2002; in the first three quarters of 2012 it was responsible for almost three-quarters of total global issuance ..."The prolific commenter Warrior 231 reminded me in his latest comment (just in case Anwar Ibrahim, the ex Finance Minister, plans to claim the credit, he said) that Dr Mahathir Mohamad was the Prime Minister when the world's first sovereign sukuk was launched by Malaysia tercinta10 years ago. He provided me with this link to The Economist's latest take on us:
Sunday, January 06, 2013
Not your average Muslim country ..
At 7:53 pm