Institutions and investors looking at viable and stable alternatives to conventional financial systems and tools will have an opportunity to gain valuable insights into Islamic finance at the Malaysia Services Exhibition (MSE 2009) held at the Dubai Airport Expo from March 17 to 19.
MSE 2009 is organised by Malaysia External Trade Development Corporation (Matrade), the national trade promotion organisation of Malaysia, which has 39 offices around the world including in Dubai and Jeddah.
The exhibition will showcase over 200 service providers from 13 industry clusters where its broad range of services can meet the growing needs of the markets in the Middle East, North Africa and Commonwealth of Independent States (CIS).
The Financial Services cluster of the event will feature 15 leading institutions that pioneered Islamic finance in Malaysia and lead the country's evolution into the premier platform for Islamic finance activities. Together, these institutions will showcase a diverse range of Islamic products and support systems required to make Islamic finance a sustainable economic model. To date, there are over 11 Islamic banks and 13 other banks participating in Islamic banking schemes in Malaysia with total of 1,281 branches operating throughout the country.
Malaysia holds the distinction of being the world's first country to have a full-fledged Islamic financial system operating in parallel to the conventional banking system. The country also places a strong emphasis on developing the human capital required to promote growth of Islamic finance locally and globally.
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