IPOH, June 25 (Bernama) -- Malaysia will call upon Muslim countries to invest in the development of their services and manufacturing industries at the coming Islamic Development Bank meeting.
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the meeting in Jeddah on Wednesday would be attended by 57 finance ministers from the Organisation of the Islamic Conference member states. (source)
Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said the meeting in Jeddah on Wednesday would be attended by 57 finance ministers from the Organisation of the Islamic Conference member states. (source)
The market for services and manufactured products was very big, especially in the fast-growing halal industry and in this regard, Malaysia would suggest investment in the rising potential of the halal market, he told reporters after opening the 15th Annual General Meeting of Koperasi Masjid Perak Bhd here Saturday.
He said Malaysia would also propose the setting up of sovereign wealth funds to invest specifically in halal services and manufacturing.
Many oil-rich Muslim states had invested a lot in the US and Europe, and now was time to find opportunities elsewhere, he said adding that the wealth funds could also be used for economic development of Muslim countries.
Meanwhile, Ahmad Husni said Malaysia had invited New Zealand to send economists and financial experts to study the Islamic economic system at Bank Negara Malaysia.
"During a meeting with the New Zealand finance minister, the country expressed interest in this field and we invited several experts from there to learn the system we have established here," he said.
Through understanding, he said, opportunities would emerge for Malaysian investors to expand their reach to New Zealand.
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