Malaysia - An introduction to Islamic finance and the Malaysian experience
- R. Bhupalan
- Derivatives & Financial Instruments, 2009 (Volume 11), No 3
- 1 June 2009
This article provides a general overview of the principles underlying Islamic financial transactions, and provides a basic understanding of the types of transactions that exist. Additionally, the article focuses on the growth of Islamic financial services in Malaysia and the manner in which tax law has been adapted to ensure a convergence in the tax treatment between Islamic and conventional financing transactions, and to grant incentives for the Islamic financial sector.