The regulator has started consultation on having Islamic finance in Malta applicable to banking and securities
The Malta Financial Services Authority (MFSA) is considering having Islamic financial services companies operate under the islands regulatory framework.
The MFSA believes there are a number of opportunities for the setting up of Malta-based Islamic institutions as either full fledged banking institutions in terms of the Banking Act or financial institutions. There are also a number of opportunities for the setting up of Sharia compliant funds in Malta.
The authority recently issued a public consultation document on having Islamic finance in Malta applicable to banking and securities.
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