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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| Format: | Report |
| Language: | English |
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World Bank, Kuala Lumpur
2020
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| Online Access: | http://documents.worldbank.org/curated/en/834381601013056532/Malaysia-Islamic-Finance-and-Financial-Inclusion http://hdl.handle.net/10986/34519 |
| Summary: | 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. |
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