LEADER OF ISLAMIC FINANCING

MALAYSIA ISLAMIC FINANCING
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Malaysia is the Largest Islamic Banking and Financial Market

Islamic banking assets: RM113.5 billion (US$30.9 billion).
Takaful assets: RM6.2 billion (US$1.7 billion).
Largest Islamic private debt securities (IPDS) market: 45.5% (RM125 billion or US$34 billion) of domestic corporate bonds.
Active Islamic money market channelling about RM30 billion - RM40 billion monthly.
Critical mass of diversified players - Islamic banks, investment banks, takaful companies, development financial institutions, savings institution, fund management companies, stock brokers and unit trusts.

Progressive industry developments

The international financial community has taken note of Malaysia's strategic direction in developing and nurturing Islamic banking and finance. With this, they have acknowledged Malaysia as the leading Islamic financial centre. The strategies are being implemented through clear and deliberate policies spelt out in both the Financial Sector Master Plan as well as the Capital Market Master Plan. Its progressive industry developments include:

Pioneering many Global Islamic Banking and Finance initiatives
Robust regulatory framework
Malaysia has a comprehensive regulatory and supervisory framework that caters to the unique characteristics of Islamic finance. Stronger standards have been set for corporate governance, transparency, disclosure, accountability, market discipline, risk management and customer protection.
Shariah Framework
Operate in an environment that offers conducive and effective legal and Shariah framework. The Islamic Banking Act 1983 and Takaful Act 1984 were enacted to govern the conduct of Islamic banking institutions and takaful operators respectively.
Liberal Foreign Exchange Regime
Resources
This includes the establishment of the:
Institute of Islamic Banking and Finance Malaysia (IBFIM)
International Centre for Leadership in Finance (ICLlF)
International Centre for Education in Islamic Finance (INCEIF)
A wide range of tax exemptions across the Islamic finance spectrum

Management Issues
The Day After Tomorrow Series
FRS and Corporate Reporting
Islamic Finance
Malaysian Budget 2009
Recently visited pages
Malaysia: Islamic finance

Contacts

Islamic Financial Services Team