KUALA LUMPUR: Bank Negara Malaysia (BNM) has issued a Strategy Paper on advancing shariah contract applications for a more productive and inclusive economy in line with shariah objectives. 

In a statement today, the central bank said the 23-page Strategy Paper sets out BNM’s direction to advance the purposeful and diverse application of shariah contracts in addressing evolving financing, investment and protection needs. 

"It seeks to broaden the range of viable shariah-compliant solutions and strengthen Islamic finance contribution towards productive economic activities, sustainable value creation and positive societal outcomes,” it said. - Bernama