Speaking at an Islamic finance event at SMU on Wednesday, Monetary Authority of Singapore (MAS) Assistant Managing Director Ng Nam Sin noted that Islamic finance is expanding in Singapore and MAS is committed to further developing this important segment of the financial services industry. He highlighted that the industry has grown exponentially, and the value of the total assets is now more than US$1.3 trillion. He added that MAS’ goal would be to harness its strength to expand Islamic finance. He also highlighted the three-prong approach adopted to grow the sector.
Berita Harian