Effecting structural development in the Malaysian islamic banking sector using conventional banking models

Imon, Riasat Amin (2019) Effecting structural development in the Malaysian islamic banking sector using conventional banking models. In: International Conference on Business Innovation for Inclusive Development (ICBIID 2019), Kumira, Chattogram, Bangladesh. (Unpublished)

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Abstract

To a notable extent, one of the main causes of renewed interest in Islamic Social Finance has been the academia’s disillusionment with the contemporary Islamic Banking and Finance (IBF) sector’s ability to break free of the conventional banking system. IBF has developed into a financial system that mirrors conventional financial practices and values, albeit with Shariah compliance. Using the Malaysian Islamic banking system as a basis, this paper makes use of extant literature and a systemic perspective to categorically identify the systemic reasons for IBF’s structural development, and further proposes a practical means for achieving pointed, systemic and inclusive (stakeholder-oriented) development that has been sought in IBF. Furthermore, its propositions are grounded in a tried and tested model of conventional banking. The implications of this research are as straightforward as they are significant; that by looking at IBF development theory from a more systemic and practical perspective, there are still means to develop IBF according to its original founding values.

Item Type:	Conference or Workshop Item (Invited Papers)
Additional Information:	9061/79236
Uncontrolled Keywords:	Islamic Banking and Finance development, stakeholder model, universal banking, systemic development
Subjects:	BPH Islamic Economics BPH Islamic Economics > BPH186.4 Bay' Al-Dayn - Debt Financing H Social Sciences > HB Economic Theory H Social Sciences > HB Economic Theory > HB126.4 Islamic Economics H Social Sciences > HG Finance H Social Sciences > HG Finance > HG1501 Banking H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Economics
Depositing User:	Dr RIASAT AMIN IMON
Date Deposited:	14 Jan 2021 07:54
Last Modified:	14 Jan 2021 07:54
URI:	http://irep.iium.edu.my/id/eprint/79236

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