Government and government-related entities should not be exempted from issuing a prospectus and disseminating proper information ahead of any securities issuance for fundraising activities, said Bank Muamalat Malaysia Bhd CEO Datuk Mohd Redza Shah Abdul Wahid. The banking industry should take hold of its governance process to acquire as much information as possible and deliberate before granting any possible financing, said the head of the Islamic bank owned by DRB-Hicom Bhd and Khazanah Nasional Bhd. ""This is where I think the boards of various banks need to really rethink and look at this issue, as it is their right to reject such transactions if the information given is not sufficient,"" said Mohd Redza.

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