Publication: Understanding Islamic Cooperatives Mechanisms For The Accessibility Promotion Of Islamic Finance In Malaysia
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Date
2017
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Publisher
Universiti Teknologi MARA
Abstract
Islamic finance industry has grown rapidly and recognized not only to the Muslims but also attracted non-Muslim to use it. However, Islamic finance industry is dominated by the Islamic banking and Takaful and Islamic capital and money market. The participation of non-bank financial institutions such as Islamic cooperative and Islamic microfinance in Islamic finance is still limited compare to the customers of these institutions. The participation of Islamic non-bank financial institutions is expected to increase the contribution of Islamic finance and competition with conventional finance.
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Keywords
Islamic Cooperative, Islamic Finance, Non-bank Financial Institutions