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Philosophy and Fundamentals of Sharī’ah for Islamic Finance
SHA0011

The Ninth Malaysian Plan, which covers the period
of 2006 -2010 aims to position Malaysia as a global
Islamic financial hub. The hub will become a centre
for originating, issuing and trading instruments for
the Islamic capital market as well as related treasury
instruments. The hub will also serve as a platform
for the management of funds, an offshore Islamic
financial services market, takaful and retakaful
businesses.

3. Milestones of Islamic Banking and Finance in Malaysia

Malaysia has achieved significant milestones in the development of
its Islamic financial services industry and they are as follows.