MALAYSIA has given Islamic fund management licences to India's Reliance Capital Asset Man agement and Kuwait-based Global Investment House, said Deputy Prime Minister Datuk Seri Najib Tun Razak.
The Securities Commission is also reviewing applications from several other leading firms, he said at an Islamic finance forum in Kuala Lumpur today.
Najib also said: "We are open to additional measures to be taken from time to time and we are monitoring the (global economic) situation currently. We are reasonably confident that we can achieve our growth targets for this year and next year.
"Therefore, we will make sure that a key factor to achieve these targets is (through) strong domestic demand," he said, adding that this will be driven by the recently-announced fiscal stimulus package which will be implemented by the first quarter of 2009.
EMAIL
PRINT
CURRENCY CONVERTER
