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Hong Leong Bank in Malaysia has been offering structured products since early 2006, when it became the first local commercial bank in the country to do so. Since then, the structured products market in Malaysia has proved exceedingly robust. According to statistics published by the Malaysian Securities Commission, the regulator has approved 12 programme issuances, including sharia-compliant products, in the first two quarters of 2007, totalling about 60 billion ringgit ($17 billion). This herald

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