Islamic banking – the case of Malaysia
Islamic banking – the case of Malaysia
Author(s): Iwona SobolSubject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: Islamic banking; shariah; Malaysia
Summary/Abstract: In the last few decades the increasing significance of Islamic finance has been observed. Among all the Islamic financial institutions, banks have been playing a dominant role in Islamic financial industry. A distinctive feature of Islamic banks is the obligation to conduct operations in accordance with principles of shariah, which is the religious law of Muslims. The purpose of this paper is to analyse the Islamic banking market in Malaysia. The reason why Malaysia has been chosen is the fact that it is one of the most developed Islamic banking markets in the world, and many other Muslim countries introduce the same regulations and banking practices, that has been functioning with success in this country. The methodology used in the paper is based on the analysis of the literature, as well as statistical data, provided mainly by Bank Negara Malaysia.
Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
- Issue Year: 2014
- Issue No: 370
- Page Range: 240-250
- Page Count: 11