Singapore is seeking to develop its Islamic finance market and attract investors as global growth in products that comply with Shariah law tops 20 percent annually.Islamic services in the island republic are “small and still emerging” and reflect the world trend, according to an e- mail statement on July 27 from the Monetary Authority of Singapore. “Greater depth and liquidity will in turn draw even more participants into using Islamic finance for their funding and investment needs. For the industry to grow further, we need more intermediaries, more products and more investors.” Full Story
