Islamic Financial Services Act 2013

Dr. Hakimah Yaacob & Apnizan Abdullah, 2015 (Hardcover)

ISBN 978-967-0149-71-4, 285 pages

Publisher: Islamic Banking and Finance Institute Malaysia (IBFIM)

Thirty years of a new finance is infantile. In moving forward, with market expectation of catching up with the existing finance, albeit unfair to the movers, calls for a quantum push. In Malaysia, that came in the form of IFSA 2013. IFSA 2013 is really a paradigmatic migration from the present ‘improved version’ of finance to a more purified version. It is kind of a juxtaposition and part superimposition of black and white with a shade of grey in between. IFSA 2013 is that manifestation od ideas of a migration from a grey to white.

IFSA 2013 provides the legislative backing to enable the Islamic banking model to fully operate. It facilitates the migration from credit intermediation to investment intermediation. It invokes a wider green field with opportunities for investment account mobilization, for entrepreneurial risk to replace credit transfer or mitigation, and a field that is an economic activity per se.

That being the case, obviously IFSA 2013 attracts comments, compliment and criticisms. The commentaries particularly, must not be allowed to be just passing under the bridge, witnessed by tourists, sojourners and citizens of Islamic finance. The passing water must be captured with a smartphone or better, a smart camera. The shots can later be intellectually and creatively played with. This book is an attempt at documenting the commentaries along with expert elaborations on the issues raised.

Uumpress Islamic Financial Services Act 2013

Description

UUMPRESS ISLAMIC FINANCIAL SERVICES ACT 2013