The role of Islamic sukuk in the development of Islamic finance in Malaysia (2007-2019)

قطاف, عبدالقادر; بلعربي, محمد; زاوي, عيسى

مجلة دفاتر اقتصادية
Volume 14, Numéro 1, Pages 53-66
2023-05-20

The Role Of Islamic Sukuk In The Development Of Islamic Finance In Malaysia (2007-2019)

Authors : قطاف عبدالقادر . بلعربي محمد . زاوي عيسى .

Abstract

This study aims to assess the extent of the success of Malaysia’s experience in integrating the Islamic financial system into its financial and banking system, whether in terms of application or practice. A semi-integrated Islamic financial system, combining Islamic banking, takaful, Islamic capital market and Islamic sukuk products. This study also concluded that the Islamic financial system would not have succeeded without its support with the political will of the state under the supervision of the Central Bank of Malaysia and accompanying it with institutions and bodies supporting it at the level of scientific or legal research such as (isra, ifsb, inceif) and thus achieved tangible development in an environment characterized by more freedom and competition, in line with the increasing integration between the Malaysian Islamic financial system and the global Islamic financial arena.