No plans for Islamic banking services yet

WHILE investments from the Middle East into Cambodia are expected to increase over the next few years, the central bank here currently has no plans to launch Islamic banking services. Recent events like Qatar Airway’s Doha-Phnom Penh flights, which launched earlier this month, have been expected to fuel investments from the Middle East. Last September, the ministry of commerce also forecast that the region would soon be the main export market for Cambodia’s milled rice. But a representative from Cambodia’s central bank said that Islamic banking services are not the central bank’s priority for now. Such services follow Islamic principles, and bar people from earning interest on loans or from investing in areas involving alcohol, gambling, and pork. …

http://www.phnompenhpost.com/2013022761645/Business/no-plans-for-islamic-banking-services-yet.html