Malaysian experiences on the development of Islamic economics, banking and finance
Other Title(s)
تجارب ماليزيا في تطور الاقتصاد و الصيرفة و التمويل الإسلامي
Author
al-Fattani, Wan Sulayman Bin Wan Yusuf
Source
Publisher
King Abdulaziz University Islamic Economics Institute
Publication Date
2008-04-30
Country of Publication
Saudi Arabia
No. of Pages
14
Main Subjects
English Abstract
Within 50 years experiences, with various policy plans, Malaysia managed to reach the world's top-tenth fastest growing economy in 1970-1990 with hard efforts to meet her target of becoming an Industrial country by the year 2020.
Within the policies of New Economic Policy (NEP), Assimilation of Islamic Values (AIV), Islamic Consultative Body (ICB), National Development Plan (NDP), National Vision Plan (NVP), and Islamic Hadhari (IH) approach, Malaysia has implicitly included the Islamic Principles, particularly Islamic Economics, Banking and Finance.
In terms of implementation of the policies, Malaysia has established 2 main institutions: One for the banking sector, Bank IslamMalaysia Berhad, and the other one for the educational sector, International Islamic University Malaysia.
In addition, Lembaga Urusan dan Tabong Haji (LUTH), Center of Zakat Collection (CZC/PPZ) and Baitul Mal, Yayasan Pembangunan Ekonomi Islam Malaysia (YPEIM) are complementary institutions to support the Islamic economic development in the country.
The last policy introduced by Malaysian government was Islamic Hadhari (IH) or Towards a Progressive Islamic Civilization.
This approach aims at returning Muslims to the true teachings of Islam in every aspects of life.
This paper sheds light on these developments to draw lessons for other OIC member countries to adopt the relevant policies suitable for their particular geographical and cultural needs
Language
English
American Psychological Association (APA)
al-Fattani, Wan Sulayman Bin Wan Yusuf. 2008-04-30. Malaysian experiences on the development of Islamic economics, banking and finance. The 7th International Conference in Islamic economics : thirty years of research in islamic economics solutions and applications of contermporary economic issues 24-26 Rabie Awal 1429 H 1-3 April 2008 G. , pp.405-418.Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute.
https://search.emarefa.net/detail/BIM-858162
Modern Language Association (MLA)
al-Fattani, Wan Sulayman Bin Wan Yusuf. Malaysian experiences on the development of Islamic economics, banking and finance. The 7th International Conference in Islamic economics : thirty years of research in islamic economics solutions and applications of contermporary economic issues 24-26 Rabie Awal 1429 H 1-3 April 2008 G. Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 2008-04-30. , pp.405-418.
https://search.emarefa.net/detail/BIM-858162
American Medical Association (AMA)
al-Fattani, Wan Sulayman Bin Wan Yusuf. Malaysian experiences on the development of Islamic economics, banking and finance. The 7th International Conference in Islamic economics : thirty years of research in islamic economics solutions and applications of contermporary economic issues 24-26 Rabie Awal 1429 H 1-3 April 2008 G. Jiddah Saudi Arabia : King Abdulaziz University Islamic Economics Institute. 2008-04-30. , pp.405-418.
https://search.emarefa.net/detail/BIM-858162
Data Type
Book chapters
Notes
Includes bibliographical references : p. 417
Record ID
BIM-858162
