The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies

With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal f...

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Main Author:	Oseni, Umar Aimhanosi
Format:	Article
Language:	English English
Published:	Kolej University Islam Sultan Azlan Shah 2016
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf

id	iium-55456
recordtype	eprints
spelling	iium-554562017-03-15T04:09:09Z http://irep.iium.edu.my/55456/ The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies Oseni, Umar Aimhanosi HG Finance With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal framework on franchising within the Islamic finance industry. Over the years, there has been tremendous growth in the franchise industry in Malaysia and the Islamic financial institutions are not left out in this welcome development. While the franchise industry contributed RM24.6 billion or 2.8% to the Malaysian GDP in 2013, it has been projected that such contribution will reach RM25.4 billion by the end of 2014. The study adopts a qualitative legal method in analyzing the relevant legislations, as they are applicable to Shari'ah-compliant business of Islamic financial institutions. The study finds that there is no specific framework for Shari'ah-complaint business in Malaysia, including Islamic finance business. Malaysia has vast opportunities in expanding its franchise industry through the amendment of the relevant legal framework to cater for Islamic finance business. This is expected to project Malaysia as a global hub for Islamic finance products and a destination for Shari'ah-complaint franchise businesses at the global level. Kolej University Islam Sultan Azlan Shah 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf application/pdf en http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf Oseni, Umar Aimhanosi (2016) The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies. Global Journal Al-Thaqafah, 6 (2). pp. 37-45. ISSN 2232-0474 E-ISSN 2232-0482 http://www.gjat.my/
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG Finance
spellingShingle	HG Finance Oseni, Umar Aimhanosi The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
description	With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal framework on franchising within the Islamic finance industry. Over the years, there has been tremendous growth in the franchise industry in Malaysia and the Islamic financial institutions are not left out in this welcome development. While the franchise industry contributed RM24.6 billion or 2.8% to the Malaysian GDP in 2013, it has been projected that such contribution will reach RM25.4 billion by the end of 2014. The study adopts a qualitative legal method in analyzing the relevant legislations, as they are applicable to Shari'ah-compliant business of Islamic financial institutions. The study finds that there is no specific framework for Shari'ah-complaint business in Malaysia, including Islamic finance business. Malaysia has vast opportunities in expanding its franchise industry through the amendment of the relevant legal framework to cater for Islamic finance business. This is expected to project Malaysia as a global hub for Islamic finance products and a destination for Shari'ah-complaint franchise businesses at the global level.
format	Article
author	Oseni, Umar Aimhanosi
author_facet	Oseni, Umar Aimhanosi
author_sort	Oseni, Umar Aimhanosi
title	The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
title_short	The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
title_full	The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
title_fullStr	The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
title_full_unstemmed	The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
title_sort	law and regulation of franchising in malaysia's islamic finance industry: problems, prospects and policies
publisher	Kolej University Islam Sultan Azlan Shah
publishDate	2016
url	http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf
first_indexed	2023-09-18T21:18:22Z
last_indexed	2023-09-18T21:18:22Z
_version_	1777411715409903616

The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies

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