SINGAPORE - Banking from a distance
Singapore has implemented a set of regulatory changes to increase its appeal as a centre for Islamic finance. It has even handed out a licence to a locally based Islamic bank. But with a tiny native Muslim population and no natural issuers, making the market work will be a challenge. Chris Wright asks whether the city-state's new bank will find a niche to fill.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts