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Introduction to history of Islamic banking in Malaysia

Sulaiman Abdullah Saif Al Nasser (School of Management (SOM), Science University of Malaysia (USM), Penang, Malaysia)
Datin Dr Joriah Muhammed (School of Management (SOM), Science University of Malaysia (USM), Penang, Malaysia)

Humanomics

ISSN: 0828-8666

Article publication date: 17 May 2013

11694

Abstract

Purpose

The purpose of this paper is to review the history of Islamic banking in Malaysia from 1963 until 2010.

Design/methodology/approach

To review the history of Islamic banking in Malaysia, data have been gathered from different articles, books and reports about the Islamic banking system in Malaysia.

Findings

The paper found that Malaysia as an Islamic country has an outstanding infrastructure to support the establishment of an Islamic banking hub in the Islamic region.

Originality/value

The paper shows that Malaysia was of the first countries to take a systematic planning approach to develop the Islamic finance system in the region. Islamic banking systems in Malaysia are growing rapidly and progressively, in spite of some other countries wishing to be ahead of Malaysia, such as Singapore and the UK.

Keywords

Citation

Abdullah Saif Al Nasser, S., Datin and Muhammed, J. (2013), "Introduction to history of Islamic banking in Malaysia", Humanomics, Vol. 29 No. 2, pp. 80-87. https://doi.org/10.1108/08288661311319157

Publisher

:

Emerald Group Publishing Limited

Copyright © 2013, Emerald Group Publishing Limited

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