Malaysian Islamic Financial Industry

The Malaysian Islamic financial industry offers banking and financial services that comply with Shariah law, which prohibits interest and emphasizes ethical, risk-sharing transactions. It includes Islamic banks, sukuk (Islamic bonds), takaful (Islamic insurance), and other financial products designed to promote social justice and fairness. Malaysia is a global leader in this sector, ensuring transparency and innovation while aligning financial practices with Islamic principles. The industry aims to provide Muslims and ethical investors with financial options that reflect their values, contributing to economic development and financial inclusion in the country and beyond.