Japan's Fukui on Islamic finance issues

The boom in Islamic finance raises many questions, said Toshihiko Fukui, the governor of the Bank of Japan.

Islamic finance had grown into an industry that was indispensable in understanding the global financial system, Fukui said. And many unknown factors existed because new types of transactions have evolved only relatively recently.

Fukui asked: "How does arbitrage between Islamic finance transactions and conventional financial transactions take place? With greater presence in the global

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