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Saturday, 14 July 2012

Malaysia's Value Propositions - Islamic Fund and Wealth Management


Malaysia's in-depth experience and solid fundamentals in Islamic finance developed over more than 30 years, offers strong value propositions to foreign fund managers to establish Islamic fund management operations in Malaysia.



Strategic Location

Malaysia, with its strategic location serves as a link between the East and West. The country is well-positioned to facilitate cross flow of funds and greater economic linkages between South East Asia and the Middle East. Foreign players who wish to seize the opportunity of these largely untapped and fast growing markets will find Malaysia an excellent gateway for this purpose.

As the economies of these regions continue expanding, Malaysia is expected to play a pivotal role as a regional financial hub and gateway, particularly for transnational investments and the sourcing of funds.

Through its various global economic interlinkages, Malaysia provides players with access to the financial pipelines of the region to tap surplus funds and the wealth of high net worth investors.

Adopt Global Legal and Regulatory Best Practices

Malaysia's legal framework caters for Islamic finance matters. There is a dedicated judge at the High Court level for Islamic finance matters. The Kuala Lumpur Regional Centre for Arbitration has specific capabilities to deal with Islamic contract matters. This legal framework enables the enforceability of Shariah based contracts for Islamic finance while providing governance and legal redress for Islamic financial institutions. It also provides for strong investor protection

In particular, the Capital Market Services Act 2007 (CMSA) defines the parameters for permitted capital market activities in Malaysia, while reinforcing the protection framework and promoting international best practices among financial institutions. These and other such regulatory guidelines have been instrumental in providing industry consistency and clarity for the Islamic Capital Market (ICM) in Malaysia. In addition, Malaysia's regulatory guidelines have also set benchmarks for other countries in developing their own Islamic Capital Markets (ICM).

The legal and regulatory framework is constantly reviewed taking into consideration latest market, products and Shariah issues to ensure continuous development in the ICM. 

Well-Developed Shariah Governance Framework 

The Securities Commission Malaysia (SC) has established a Shariah Advisory Council (SAC) to advise on issues related to the Islamic Capital Market (ICM). The approach was taken, by recognising the importance of Shariah compliance in the Islamic financial system which possesses distinctive characteristics when compared to the conventional system.

The SAC is also responsible for analysing specific issues related to the operations of ICM, to provide guidance and advise to investors, the government and industry.



Malaysia's in-depth experience and solid fundamentals in Islamic finance developed over more than 30 years, offers strong value propositions to foreign fund managers to establish Islamic fund management operations in Malaysia.


Strategic Location


Malaysia, with its strategic location serves as a link between the East and West. The country is well-positioned to facilitate cross flow of funds and greater economic linkages between South East Asia and the Middle East. Foreign players who wish to seize the opportunity of these largely untapped and fast growing markets will find Malaysia an excellent gateway for this purpose.

As the economies of these regions continue expanding, Malaysia is expected to play a pivotal role as a regional financial hub and gateway, particularly for transnational investments and the sourcing of funds.

Through its various global economic interlinkages, Malaysia provides players with access to the financial pipelines of the region to tap surplus funds and the wealth of high net worth investors.

Adopt Global Legal and Regulatory Best Practices

Malaysia's legal framework caters for Islamic finance matters. There is a dedicated judge at the High Court level for Islamic finance matters. The Kuala Lumpur Regional Centre for Arbitration has specific capabilities to deal with Islamic contract matters. This legal framework enables the enforceability of Shariah based contracts for Islamic finance while providing governance and legal redress for Islamic financial institutions. It also provides for strong investor protection

In particular, the Capital Market Services Act 2007 (CMSA) defines the parameters for permitted capital market activities in Malaysia, while reinforcing the protection framework and promoting international best practices among financial institutions. These and other such regulatory guidelines have been instrumental in providing industry consistency and clarity for the Islamic Capital Market (ICM) in Malaysia. In addition, Malaysia's regulatory guidelines have also set benchmarks for other countries in developing their own Islamic Capital Markets (ICM).

The legal and regulatory framework is constantly reviewed taking into consideration latest market, products and Shariah issues to ensure continuous development in the ICM. 

Well-Developed Shariah Governance Framework 

The Securities Commission Malaysia (SC) has established a Shariah Advisory Council (SAC) to advise on issues related to the Islamic Capital Market (ICM). The approach was taken, by recognising the importance of Shariah compliance in the Islamic financial system which possesses distinctive characteristics when compared to the conventional system.

The SAC is also responsible for analysing specific issues related to the operations of ICM, to provide guidance and advise to investors, the government and industry. (MIFC)

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Alfalah Consulting - KL: www.alfalahconsulting.com 
Islamic finance consultant: www.ahmad-sanusi-husain.com 
Islamic Investment Malaysia: www.islamic-invest-malaysia.com

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