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Information Seminar Paper

Title

TRAJECTORY OF ISLAMIC BANKING IN MALAYSIA: FROM EVOLUTION TO TRANSFORMATION

Pages

 Start Page | End Page

Keywords

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Abstract

 THE DEVELOPMENT OF ISLAMIC FINANCE CAN BE TRACED BACK TO THE ESTABLISHMENT OF THE FIRST ISLAMIC BANK IN MALAYSIA IN 1983. THIS PAPER EXPLORES THE PERTINENT PHASES IN THE DEVELOPMENT OF ISLAMIC BANKING IN MALAYSIA INCLUDING ITS FUTURE PATH IN THE COMING DECADES. REFERENCES WILL BE MADE TO THE INITIATIVES OF THE PUBLIC AND PRIVATE SECTORS IN CONTRIBUTING TO THE DEVELOPMENT OF ISLAMIC BANKING INDUSTRY. COUPLED WITH THE BACKGROUND OF AN OPEN ECONOMY, OPPORTUNITIES FOR CROSS FERTILISATION HAVE ENABLED THE RESTRUCTURING OF THE ISLAMIC BANKING INDUSTRY TO MEET THE CHALLENGES OF GLOBAL COMPETITION.

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