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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
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• Al-Baraka, Egypt
• Bank Islam Malaysia Berhad, Malaysia
• Islamic Bank, Bangladesh
• Qatar Islamic Bank, Qatar
• Dar Al Mal Al Islamic Trust, Switzerland
• AHZ Global Islamic Finance, UK

Diagram 24 : Global Islamic Financial Service Industry Development

Diagram 23 : Global Islamic Financial Service Industry Development

2. Phases of Islamic Banking and Finance in Malaysia

Development Phases of Islamic Banking and Finance in Malaysia
Malaysia is recognised as one of the dynamic leaders and practitioners
of Islamic finance. From its inception in the 1960s, Islamic finance
in Malaysia has made transitions through four distinct phases.
These four phases include the establishment of Islamic financial
institutions and infrastructure, Islamic windows, Islamic subsidiaries
and liberalisation of Islamic finance.

Diagram 24 : Phases of Islamic Banking and Finance in Malaysia