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This paper raises the issue of an initial structure-objective mismatch in the launching of Islamic finance. The abolition of interest and promotion of growth with equity were goals of the conceived system. These goals expressed a long run vision to improve the condition of the Muslim communities...
Persistent link: https://www.econbiz.de/10008592947
Persistent link: https://www.econbiz.de/10013363894
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The Asian Development Bank has been working closely with the Association of Southeast Asian Nations (ASEAN) and the People’s Republic of China (PRC), Japan, and the Republic of Korea—collectively known as ASEAN+3—to promote the development of local currency bond markets in the region...
Persistent link: https://www.econbiz.de/10010884947
This assessment is a review of the financial environment of Malaysia. Like many other Asian countries, Malaysia …-year financial plan (2001–10) by Bank Negara Malaysia restructured the financial sector. Banks were well capitalized, household … debts were strengthened, and securities and insurances were developed. Malaysia thus became the global center for Islamic …
Persistent link: https://www.econbiz.de/10011242711
What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and conventional bond and equity prices are driven by...
Persistent link: https://www.econbiz.de/10011142164
Previous studies found that Islamic stock market index in Malaysia (KLSI), does not react, or react negatively to …
Persistent link: https://www.econbiz.de/10010305856
This paper explores Malaysia's bid to become the world leader in rapidly expanding halal (lawful or permitted) markets … Malays National Organisation (UMNO), the dominant political party in Malaysia. The state has effectively certified … vis-à-vis more deep-rooted networks. Building on empirical material from research in Malaysia and Britain, I shall show …
Persistent link: https://www.econbiz.de/10010273204
This paper examines the changing nature of ethnic and religious identification in Malaysia, drawing upon a survey of … attitudes conducted in three locations in Malaysia. The paper argues that the widely perceived political shift from a prevailing … ethnicity and religion in Malaysia must be located within the bureaucratic politics of identity and the increasing ‘legibility …
Persistent link: https://www.econbiz.de/10010359218
Previous studies found that Islamic stock market index in Malaysia (KLSI), does not react, or react negatively to …
Persistent link: https://www.econbiz.de/10009231255