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IDB plans an Islamic Centre of Excellence in Malaysia

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Kuala Lumpur: The Jeddah-based Islamic Development Bank (IDB) has plans to develop an Islamic Centre of Excellence at the TunRazak Exchange in Greater Kuala Lumpur in three to five years, Malaysia’s Second Finance Minister Ahmad Husni Hanadzlah has stated. He said the centre of excellence would provide services in Islamic finance and banking-related transactions. The project would be developed in collaboration with the Malaysian government, he said.”The Malaysian government has always viewed IDB not only as an international institution, but also as a partner in charting our nation’s growth,” he said in his speech at the IDB High Level Regional Forum.