Business : Be More Innovative To Woo Foreign Funds, Islamic Banks Urged

By Zairina Zainudin

KUALA LUMPUR, June 20 (Bernama) — Malaysia’s Islamic banks have been urged to be more innovative in providing tools and products to attract foreign funds from other regions, particularly the Middle East.

Making the call, Syed Alwi Mohamed Sultan, Bank Muamalat Malaysia Bhd Executive Vice-President Corporate Services Division, said innovative tools and products could attract foreign investors to projects in the country, especially those under the Economic Transformation Programme.

“We need to offer innovations that match investors’ requirements and demand, as some of them require fixed i…
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