- PII
- S0321-50750000616-3-
- DOI
- 10.31857/S50000616-3-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue №2
- Pages
- 41-46
- Abstract
- The article is devoted to history of Malaysian financial system establishment representing the unique dual structure consisting of a combination of traditional and Islamic financial institutions in banking, insurance system and stock market. In Malaysia, first Islamic Banking Act was adopted in 1983 that supported formatting the full-fledged financial system based on interrelation and the fair and transparent competition of two financial models - traditional and Islamic. The author shows a significant role of state authorities (the Bank Negara Malaysia and the Securities Commission of Malaysia), in formation, regulation and development of Islamic financial sector and supervise of integrity of the national financial system. In brief, Islamic finance and Islamic financial products’ basic features are provided. Now Malaysia, being the global prominent leader in Islamic stock markets, in banking and takaful systems, continues to set ambitious tasks and to solve them, setting an example of good practice to other countries, like Russia, on the way of dual financial system development.
- Keywords
- Date of publication
- 01.02.2017
- Number of purchasers
- 4
- Views
- 1130
RAS Social ScienceGosudarstvo i pravo
- ISSN (Print) 1026-9452
- ISSN (Online)2713-0398
ISLAMIC FINANCE OF MALAYSIA
Индексирование
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library