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Malaysia works to solidify position as Islamic finance hub

Central bank assistant governor sees potential in fintech to propel growth

Marzunisham Omar

KUALA LUMPUR -- Malaysia's banking system, including Islamic finance, is open to the use of financial technology, said Marzunisham Omar, the country's central bank assistant governor said in a recent interview with the Nikkei Asian Review.

The bank, a key promoter of Islamic finance, is confident the adoption of fintech, such as tools used in crowdfunding, can help the industry to reach untapped markets.

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