Products of Islamic finance

A shariah compliance advancement

Mohamad Zaid Mohd Zin, Ahamad Asmadi Sakat, Nurul Khairiah Khalid, Nurfahiratul Azlina Ahmad, Mohd Roslan Mohd Nor, Azri Bhari, Saurdi Ishak, Mohd. Arip Kasmo

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Over the past three decades, the Islamic finance industry has emerged as one component of a competitive and comprehensive market, consistent with the conventional financial system in contributing to economic development. Although in early development the Islamic financial system is concentrated just in the country, but its growth internationally has seen a positive trend with the creation of growth in the number of Islamic financial institutions, with shareholders from various countries. This article provides insights into the practice and prospect of Islamic finance in Malaysia. The application and mechanics of Islamic Finance are examined in the light of Islamic Finance Guidelines issued by Central Bank of Malaysia. As will be evident in this article, this system has its own advantages and value added which would make it the system of choice in meeting specific investment interests and needs.

Original languageEnglish
Pages (from-to)479-484
Number of pages6
JournalAustralian Journal of Basic and Applied Sciences
Volume5
Issue number12
Publication statusPublished - Dec 2011

Fingerprint

Islamic finance
Malaysia
Financial system
Islamic financial institutions
Specific investments
Value added
Economic development
Industry
Central bank
Shareholders

Keywords

  • Growth
  • Islamic finance
  • Malaysia
  • Prospect
  • Syariah compliance

ASJC Scopus subject areas

  • General

Cite this

Mohd Zin, M. Z., Sakat, A. A., Khalid, N. K., Ahmad, N. A., Mohd Nor, M. R., Bhari, A., ... Kasmo, M. A. (2011). Products of Islamic finance: A shariah compliance advancement. Australian Journal of Basic and Applied Sciences, 5(12), 479-484.

Products of Islamic finance : A shariah compliance advancement. / Mohd Zin, Mohamad Zaid; Sakat, Ahamad Asmadi; Khalid, Nurul Khairiah; Ahmad, Nurfahiratul Azlina; Mohd Nor, Mohd Roslan; Bhari, Azri; Ishak, Saurdi; Kasmo, Mohd. Arip.

In: Australian Journal of Basic and Applied Sciences, Vol. 5, No. 12, 12.2011, p. 479-484.

Research output: Contribution to journalArticle

Mohd Zin, MZ, Sakat, AA, Khalid, NK, Ahmad, NA, Mohd Nor, MR, Bhari, A, Ishak, S & Kasmo, MA 2011, 'Products of Islamic finance: A shariah compliance advancement', Australian Journal of Basic and Applied Sciences, vol. 5, no. 12, pp. 479-484.
Mohd Zin MZ, Sakat AA, Khalid NK, Ahmad NA, Mohd Nor MR, Bhari A et al. Products of Islamic finance: A shariah compliance advancement. Australian Journal of Basic and Applied Sciences. 2011 Dec;5(12):479-484.
Mohd Zin, Mohamad Zaid ; Sakat, Ahamad Asmadi ; Khalid, Nurul Khairiah ; Ahmad, Nurfahiratul Azlina ; Mohd Nor, Mohd Roslan ; Bhari, Azri ; Ishak, Saurdi ; Kasmo, Mohd. Arip. / Products of Islamic finance : A shariah compliance advancement. In: Australian Journal of Basic and Applied Sciences. 2011 ; Vol. 5, No. 12. pp. 479-484.
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