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The evolution of Islamic venture capital in Malaysia: an expository study

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dc.contributor.authorMahamad Arifin
dc.contributor.authorRusni Hassan
dc.contributor.authorSa'id Adekunle Mikail
dc.date.accessioned2022-02-28T03:39:19Z
dc.date.available2022-02-28T03:39:19Z
dc.date.issued2013
dc.description.abstractIslamic venture capital is a strategic tool to enhance cooperation in the Muslim world. This is because it helps form smart partnership among the members of OIC countries. Venture capital is an investment in highly risky projects in return for potential high return focusing mainly on technology. For more than a decade, the trend has shown tremendous changes; hence venture capital investment records increasing interest of the investors in other sectors such as agricultural production, medical instruments and others. Islamic venture capital has been running in parallel with the mainstream in Malaysia. There are several reasons supporting the emergence of Islamic venture capital namely, attraction of Middle East investors and underutilisation of surplus in the Muslim world. This paper traces the development of Islamic venture capital in Malaysia, identifies the regulatory bodies, and the policy initiatives, and the pioneer corporations. In conclusion, it examines three phases of the development of Islamic venture capital in Malaysia namely, the evolutionary process, the degree of incorporation and developmental patterns. The applied Shariah mechanisms are hybrid of musharakah, mudarabah, and wakalah. It suggests that the balance between supply side and demand side, public friendly regulation may actualise the Malaysian industrialisation dream. In addition, refocusing long-term investment, reorientation of SMEs towards venture capital investment, establishment of private-oriented venture capital industries, creation of cash waqf and/or Islamic social bank are some suggested solutions in promoting Islamic venture capital in Malaysia. They may also be of help to other jurisdictions.en_US
dc.identifier.citationMikail, S. A., Arifin, M., & Hassan, R. (2013). The evolution of Islamic venture capital in Malaysia: an expository study. Malaysian Court Practice Bulletin, (3), pp. 1-6.en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3539
dc.languageEnglish
dc.language.isoengen_US
dc.publisherLexisNexis Malaysia Sdn Bhden_US
dc.rights2013. LexisNexis
dc.sourceSEDONA
dc.subjectIslamic venture capitalen_US
dc.subjectMusharakah and mudarabahen_US
dc.subjectVenture capitalen_US
dc.subjectSupply and demand sideen_US
dc.subjectPolicy making and planning approachen_US
dc.subjectProblem-solving approachen_US
dc.titleThe evolution of Islamic venture capital in Malaysia: an expository studyen_US
dc.typeNewsletter & Bulletinen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeExpert Insights
ikr.topic.maintopicIslamic bankingen_US
relation.isAuthorOfPublication54ea4ea3-9539-4669-a97e-4c903fc80129
relation.isAuthorOfPublication54ea4ea3-9539-4669-a97e-4c903fc80129
relation.isAuthorOfPublication54ea4ea3-9539-4669-a97e-4c903fc80129
relation.isAuthorOfPublication.latestForDiscovery54ea4ea3-9539-4669-a97e-4c903fc80129
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