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Islamic venture capital in Malaysia: development, constraints and way forward

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dc.contributor.authorMahamad Arifin
dc.contributor.authorRusni Hassan
dc.contributor.authorSa'id Adekunle Mikail
dc.date.accessioned2021-08-24T06:17:52Z
dc.date.available2021-08-24T06:17:52Z
dc.date.issued2014
dc.description.abstractThis study aims at examining the development of the Malaysian Islamic venture capital industry including government and regulatory policy initiatives for escalating the growth of the industry. It also highlights constraints and way forward for the industry. The paper employs qualitative approach focusing on secondary resources, documents, and field interview with practitioners and academia who are directly involved in the operations of Islamic venture capital in Malaysia. The study finds that policy-driven approach and liberalization facilitate the standardization of Shariah rulings of Shariah Advisory Council (SAC) and Shariah Committee (SC), which contribute to the effectiveness of regulatory framework and sustainable growth of the Islamic capital market in Malaysia. It also finds a number of constraints that dampen the progress of Islamic venture capital in Malaysia to be the following: i) apparent resistance of major Islamic banks to get involved in Islamic venture capital investment, ii) biasness against long-term investment; iii) underutilization of mushaarakah and mudaarabah mode of financing, iv) preference of expansion stage over seed capital by major venture capital institutions; v) lack of awareness on Islamic venture capital investment; vi) overreliance on government intervention. This paper holds significant implications for the venture capital industry players because it provides gap which needs to fill to make the industry a success.en_US
dc.identifier.citationMikail, Sa'id Adekunle and Arifin, Mahamad and Hassan, Rusni. (2014). Islamic venture capital in Malaysia: development, constraints and way forward. International Journal of Excellence in Islamic Banking & Finance, 4 (1), pp. 1-13.en_US
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3427
dc.languageEnglish
dc.language.isoengen_US
dc.publisherHamdan Bin Mohammed e-Universityen_US
dc.rights2014. Hamdan Bin Mohammed e-University
dc.sourceSEDONA
dc.subjectShariah complianceen_US
dc.subjectMushaarakahen_US
dc.subjectMudaarabahen_US
dc.subjectWakaalahen_US
dc.subjectSeed capitalen_US
dc.subjectExpansion stageen_US
dc.subjectIslamic venture capitalen_US
dc.subjectRegulatory framework.en_US
dc.titleIslamic venture capital in Malaysia: development, constraints and way forwarden_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic bankingen_US
relation.isAuthorOfPublication54ea4ea3-9539-4669-a97e-4c903fc80129
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relation.isAuthorOfPublication.latestForDiscovery54ea4ea3-9539-4669-a97e-4c903fc80129
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