Singapore stakes its claim

The swift pace of economic development of Middle Eastern and other predominantly Muslim countries, combined with strong commodity exports from many of these nations, has fuelled demand for the development of a raft of funding instruments and investment products that comply with Islamic sharia law.

Malaysia has so far dominated the development of the Islamic finance market in Asia. Bank Islam, the country's first Islamic bank, was set up in 1983 and there are now 12 such banks in Malaysia. Then in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here