Publication:
Research on Islamic banking in Malaysia: a guide for future direction
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Date
2016
SDG:
Abstract
Islamic banking has experienced some success globally, with an annual double digit growth rate (an average of 15% to 20% annually) in the last decade. But to maintain the momentum, the industry has to improve on a number of pertinent aspects. For instance, establishing a common regulatory, legislative, tax, and legal foundation, addressing cost-efficiency and integration issues for all Islamic financial markets in general and the Islamic banking sector in particular. Retrospectively, Malaysia, a rapidly developing vibrant economy has positioned itself as an international hub for Islamic banking and finance. The research interest on Islamic banking in Malaysia has been intensive but on a piece-meal basis, without a comprehensive focus to chart the needed direction to support the government's initiatives to further develop this niche sector. This article takes stock of the past documented research on the Malaysian Islamic banking sector and deliberates on the required future direction.
Keywords
Islamic banking , Research , Malaysia
Citation
Mohd Rasid, Mohamed Eskandar Shah. (2016). Research on Islamic banking in Malaysia: a guide for future direction. IF Hub, 1 (August 2016), pp. 2-7.
Publisher
INCEIF