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Getting ahead in Islamic finance

Singapore must embrace breakthrough strategies to become a truly competitive Islamic financial centre.

Officials of Indonesia's Merah Putih Investma, Inkopshah BMT and Singapore-based Isoquant Capital Management reached an agreement this year to raise US$100 million via the issuance of US dollar sukuk.

LACKING the domestic appetite for Syariah-compliant products, Singapore must take advantage of its position as a global banking hub to tap the lucrative Islamic Finance market.

As the gateway to South-east Asia, Singapore has cemented its place among the world's top international