Publication Date:
Mon, 2010-07-19 02:10
"Our mandate is to come up with a draft legal
and regulatory framework for alternative Islamic financial institutions and
products which we would then present to the various political and financial
authorities for further consideration and recommendations. We have approached
three of the big four advisory firms to help in this respect and we will choose
which route to go once we have their initial input. This process could take the
next few weeks," said Alexei G. Kovalenko, head of the task force.
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