Islamic Trade Finance : An Opportunity for Malaysia

Islamic trade finance (ITF) offers a meaningful opportunity for Malaysia. ITF can play a substantial role to support trade, foster growth, and accelerate post-pandemic recovery. In addition to its impact on the domestic economy, enhancing ITF can b...

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Main Author:	World Bank
Format:	Working Paper
Language:	English
Published:	World Bank, Kuala Lumpur 2021
Subjects:	TRADE FACILITATION TRADE FINANCE TRADE SUPPORT ISLAMIC FINANCE
Online Access:	http://documents.worldbank.org/curated/en/947961628671089517/Islamic-Trade-Finance-An-Opportunity-for-Malaysia http://hdl.handle.net/10986/36134

id	okr-10986-36134
recordtype	oai_dc
spelling	okr-10986-361342021-08-17T05:11:03Z Islamic Trade Finance : An Opportunity for Malaysia World Bank TRADE FACILITATION TRADE FINANCE TRADE SUPPORT ISLAMIC FINANCE Islamic trade finance (ITF) offers a meaningful opportunity for Malaysia. ITF can play a substantial role to support trade, foster growth, and accelerate post-pandemic recovery. In addition to its impact on the domestic economy, enhancing ITF can bring benefits to other Organization of Islamic Countries (OIC)-member countries and for the global Islamic finance industry in which Malaysia is an established leader. This report explores the ITF opportunity by considering: (1) the current state of global trade finance and of ITF; (2) institutions and instruments active in providing ITF; (3) key challenges ahead in expanding ITF; and (4) opportunities for expanding ITF in Malaysia. The report includes (5) a set of recommendations for stakeholders in Malaysia and beyond to avail of the opportunity that ITF offers. While the recommendations are focused on Malaysia, they may also have relevance for other developing economies where Islamic finance is relevant. The report argues that key strides have already been made in Malaysia and globally to establish ITF concepts, products, and structures. The relative under-utilization of ITF is due to challenges related to awareness, promotion, scale, and harmonization. Addressing these challenges, through a set of recommendations, can foster ongoing growth of ITF in service of Malaysia’s development objectives. 2021-08-16T19:24:43Z 2021-08-16T19:24:43Z 2021-08-01 Working Paper http://documents.worldbank.org/curated/en/947961628671089517/Islamic-Trade-Finance-An-Opportunity-for-Malaysia http://hdl.handle.net/10986/36134 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Kuala Lumpur Publications & Research :: Working Paper Publications & Research 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	TRADE FACILITATION TRADE FINANCE TRADE SUPPORT ISLAMIC FINANCE
spellingShingle	TRADE FACILITATION TRADE FINANCE TRADE SUPPORT ISLAMIC FINANCE World Bank Islamic Trade Finance : An Opportunity for Malaysia
geographic_facet	East Asia and Pacific Malaysia
description	Islamic trade finance (ITF) offers a meaningful opportunity for Malaysia. ITF can play a substantial role to support trade, foster growth, and accelerate post-pandemic recovery. In addition to its impact on the domestic economy, enhancing ITF can bring benefits to other Organization of Islamic Countries (OIC)-member countries and for the global Islamic finance industry in which Malaysia is an established leader. This report explores the ITF opportunity by considering: (1) the current state of global trade finance and of ITF; (2) institutions and instruments active in providing ITF; (3) key challenges ahead in expanding ITF; and (4) opportunities for expanding ITF in Malaysia. The report includes (5) a set of recommendations for stakeholders in Malaysia and beyond to avail of the opportunity that ITF offers. While the recommendations are focused on Malaysia, they may also have relevance for other developing economies where Islamic finance is relevant. The report argues that key strides have already been made in Malaysia and globally to establish ITF concepts, products, and structures. The relative under-utilization of ITF is due to challenges related to awareness, promotion, scale, and harmonization. Addressing these challenges, through a set of recommendations, can foster ongoing growth of ITF in service of Malaysia’s development objectives.
format	Working Paper
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Islamic Trade Finance : An Opportunity for Malaysia
title_short	Islamic Trade Finance : An Opportunity for Malaysia
title_full	Islamic Trade Finance : An Opportunity for Malaysia
title_fullStr	Islamic Trade Finance : An Opportunity for Malaysia
title_full_unstemmed	Islamic Trade Finance : An Opportunity for Malaysia
title_sort	islamic trade finance : an opportunity for malaysia
publisher	World Bank, Kuala Lumpur
publishDate	2021
url	http://documents.worldbank.org/curated/en/947961628671089517/Islamic-Trade-Finance-An-Opportunity-for-Malaysia http://hdl.handle.net/10986/36134
_version_	1764484537901907968

Islamic Trade Finance : An Opportunity for Malaysia

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