why have banking and financial institutions act 1989 (BAFIA)?

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why have banking and financial institutions act 1989 (BAFIA)?

rationale for BAFIA

2006-07-21 04:19:23 · 2 answers · asked by pey 1 in Business & Finance ➔ Other - Business & Finance

2 answers

it's to control the non-islamic banking industry in m'sia.

2006-07-21 04:25:55 · answer #1 · answered by giko 5 · 0⤊ 0⤋

I am not knowledgeable about this particular act but this is about the time the saving and loan crisis happened. Most acts like this come about because of an event that regulators need to deal with.

2006-07-21 11:24:29 · answer #2 · answered by Kenneth H 5 · 0⤊ 0⤋