KUALA LUMPUR, Dec 17 — The Islamic Development Bank (IDB) is considering developing an Islamic Centre of Excellence at the Tun Razak Exchange in the Greater Kuala Lumpur here in three to five years, Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah said today.

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 today.

Headquartered in Jeddah, the IDB has four regional offices — in Rabat (Morocco), Kuala Lumpur, Almaty (Kazakhstan) and Dakar (Senegal). — Bernama

*This article by Bernama was re-published by The Malay Mail Online. Read the article here.