Malaysia : Islamic Finance and Financial Inclusion

Malaysia : Islamic Finance and Financial Inclusion

The main purpose of this report is to explore the role Islamic finance has played in furthering financial inclusion in Malaysia, with a view to drawing key lessons of experience. Given Malaysia’s success in the development of Islamic finance, these...

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Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Kuala Lumpur 2020
Subjects:
ISLAMIC FINANCE
FINANCIAL INCLUSION
SOCIAL FINANCE
RISK SHARING
RELIGIOUS BARRIERS
FINANCIAL REGULATION
FINANCIAL INSTITUTIONS
SOCIAL DEVELOPMENT
CONSUMER PROTECTION
DISPUTE SETTLEMENT
ACCESS TO FINANCE
FINANCIAL TECHNOLOGY
INVESTOR PROTECTION
FINTECH
FINANCIAL LITERACY
DIGITALIZATION
Online Access:http://documents.worldbank.org/curated/en/834381601013056532/Malaysia-Islamic-Finance-and-Financial-Inclusion
http://hdl.handle.net/10986/34519
id okr-10986-34519
recordtype oai_dc
spelling okr-10986-345192021-05-25T09:58:32Z Malaysia : Islamic Finance and Financial Inclusion World Bank ISLAMIC FINANCE FINANCIAL INCLUSION SOCIAL FINANCE RISK SHARING RELIGIOUS BARRIERS FINANCIAL REGULATION FINANCIAL INSTITUTIONS SOCIAL DEVELOPMENT CONSUMER PROTECTION DISPUTE SETTLEMENT ACCESS TO FINANCE FINANCIAL TECHNOLOGY INVESTOR PROTECTION FINTECH FINANCIAL LITERACY DIGITALIZATION The main purpose of this report is to explore the role Islamic finance has played in furthering financial inclusion in Malaysia, with a view to drawing key lessons of experience. Given Malaysia’s success in the development of Islamic finance, these lessons will be useful to policy makers and regulators in other Islamic finance jurisdictions as they make efforts to enhance Islamic financial inclusion. The study will also be relevant to development practitioners involved in providing technical assistance and advisory services to their client countries on different ways to foster financial inclusion and improve the contribution of the financial sector to growth and poverty reduction. The report is composed of five chapters: chapter one presents a macro-level assessment of key inclusion and Islamic finance indicators in Malaysia; chapter two analyses the country’s regulatory structures on which inclusion has been based; chapter three identifies its institutional enablers; chapter four specifies prime consumer protection measures; and chapter five enunciates the impact that digitalization and Islamic financial technology (FinTech) have had in increasing inclusion. 2020-09-28T14:26:19Z 2020-09-28T14:26:19Z 2020-09-25 Report http://documents.worldbank.org/curated/en/834381601013056532/Malaysia-Islamic-Finance-and-Financial-Inclusion http://hdl.handle.net/10986/34519 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kuala Lumpur Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study East Asia and Pacific Malaysia
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ISLAMIC FINANCE
FINANCIAL INCLUSION
SOCIAL FINANCE
RISK SHARING
RELIGIOUS BARRIERS
FINANCIAL REGULATION
FINANCIAL INSTITUTIONS
SOCIAL DEVELOPMENT
CONSUMER PROTECTION
DISPUTE SETTLEMENT
ACCESS TO FINANCE
FINANCIAL TECHNOLOGY
INVESTOR PROTECTION
FINTECH
FINANCIAL LITERACY
DIGITALIZATION
spellingShingle ISLAMIC FINANCE
FINANCIAL INCLUSION
SOCIAL FINANCE
RISK SHARING
RELIGIOUS BARRIERS
FINANCIAL REGULATION
FINANCIAL INSTITUTIONS
SOCIAL DEVELOPMENT
CONSUMER PROTECTION
DISPUTE SETTLEMENT
ACCESS TO FINANCE
FINANCIAL TECHNOLOGY
INVESTOR PROTECTION
FINTECH
FINANCIAL LITERACY
DIGITALIZATION
World Bank
Malaysia : Islamic Finance and Financial Inclusion
geographic_facet East Asia and Pacific
Malaysia
description The main purpose of this report is to explore the role Islamic finance has played in furthering financial inclusion in Malaysia, with a view to drawing key lessons of experience. Given Malaysia’s success in the development of Islamic finance, these lessons will be useful to policy makers and regulators in other Islamic finance jurisdictions as they make efforts to enhance Islamic financial inclusion. The study will also be relevant to development practitioners involved in providing technical assistance and advisory services to their client countries on different ways to foster financial inclusion and improve the contribution of the financial sector to growth and poverty reduction. The report is composed of five chapters: chapter one presents a macro-level assessment of key inclusion and Islamic finance indicators in Malaysia; chapter two analyses the country’s regulatory structures on which inclusion has been based; chapter three identifies its institutional enablers; chapter four specifies prime consumer protection measures; and chapter five enunciates the impact that digitalization and Islamic financial technology (FinTech) have had in increasing inclusion.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Malaysia : Islamic Finance and Financial Inclusion
title_short Malaysia : Islamic Finance and Financial Inclusion
title_full Malaysia : Islamic Finance and Financial Inclusion
title_fullStr Malaysia : Islamic Finance and Financial Inclusion
title_full_unstemmed Malaysia : Islamic Finance and Financial Inclusion
title_sort malaysia : islamic finance and financial inclusion
publisher World Bank, Kuala Lumpur
publishDate 2020
url http://documents.worldbank.org/curated/en/834381601013056532/Malaysia-Islamic-Finance-and-Financial-Inclusion
http://hdl.handle.net/10986/34519
_version_ 1764481074801410048

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