Sunday, October 18, 2009

Malaysia furthering ties with Islamic World

by Jeff Gimm

Malaysia will offer scholarships to two eligible Qatari students to study at the Kuala Lumpur Center for International Islamic Finance. This announcement came during a Bahrain-Qatar conference on finances. Islamic finances are similar to normal economics,but are based on Sharia law and ethics. Malaysia has recently made itself a center for Islamic finance in addition to new rules that helped mitigate the recent economic crisis.
This move is cohesive with other recent moves by the Malaysian government to take a lead role in the Islamic world. There seems to be a sort of tour of the Islamic world going on by the Malaysian government, they have now recently brokered deals with Iran, Saudi Arabia and now Qatar.

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