HARD COVER-Historical Root of Islamic Finance in Malaysia From The Pre-Islamic Era Until 1983 Historical Roots of Islamic Finance in Malaysia: From the Pre-Islamic Era until 1983 traces the historical background that led to the development of Islamic finance in Malaysia. it examines major economic and political developments from the ancient past until 1983, the year the Malaysian government established the first Islamic bank in Malaysia. Particular emphasis is given to the coming of Islam followed by the challenge posed by colonialism, particularly the introduction of interest-based banking during the British Era and the role it played in integrating the local economy into an international economic system in which local economic actors played a marginal role. The Malaysian experience is also place in the larger context of the 20th century movement in the Muslim world to free the economic and financial system from interest-based dealings in order to mobilize resources for development from which the publish at large would benefit.
Weight: 1.6kg
Add To Cart

This book cosists of five chapters. The five chapters of this book will give readers a complete picture of the primary developments in the emergence and use of Islamic finance in Malaysia over seven centuries, as well as show the achievements and directions of the Islamic financial system in Malaysia that has grown to become an important part of the global financial system. Such a comprehensive discussion has, heretofore, either been unavailable or very limited in scope. There are two reasons for this. Firstly, primary sources are not easily or readily accessible to researchers. Relevant primary sources and materials, such as personal letters, minutes of meetings, parliamentary reports and memorandums are housed in specialist locations within and outside of the country. Further, most of these materials could only be opened and read after a sufficient period of time had lapsed in order to protect official and national secrets, and sensitivities is made more challenging as within Malaysia, there is no single and complete repository for historical documentation related to Islamic finance. Hence, the extensive work of research could only be carried out if sufficient funding was made available. Secondly, there are not many who are fluent in research that involves Malay manuscripts and documentation published pre-Independence in 1957. These primary sources were all written in Jawi. By implication, available publications pertaining to Islamic finance in Malaysia have mostly relied on secondary English sources such as books, journals, newspaper and magazine articles.

Chapter 1 : The Geography and Early History of The Malay Archipelago Until The 18th Century
Chapter 2 : The British Era and The Developmnt of Financial Institutions
Chapter 3 : The Malaysian Economy After Independence 
Chapter 4 : Global Phenomenon of Islamic Finance
Chapter 5 : The Establishement of The First Islamic Bank In Malaysia


HARD COVER-Historical Root of Islamic Finance in Malaysia From The Pre-Islamic Era Until 1983