Description
Book SynopsisThe phenomenal worldwide development over the past decade of Islamic banking and finance is drawing much attention to Southeast Asia, which, on the platform of its own economic growth success, is also proving to be the gateway for Middle Eastern petrodollar investments into the two great emerging markets of India and China.This book provides a timely examination of the issues confronting this US$300-US$500 billion market growing at 15%-20% per annum, with reviews of the different financial markets, be they capital (Sukuk), retail or wealth management. It further includes reviews from the various jurisdictions including Malaysia (the front-runner), Singapore (the regional financial hub), Brunei (an offshore Islamic market player) and the sleeping giant, Indonesia, as well as newly emerging participants such as Japan and the United States. Contributors, all well-known leading practitioners in their fields, range from lawyers, accountants, bankers and educators to policy advisors, and come from institutions such as CIMB, Kuwait Finance House, OCBC Bank and PricewaterhouseCoopers, among others.This book, the first of its kind, will be of great benefit to those seeking to better understand current developments and issues affecting Islamic banking in South East Asia, from both global and regional perspectives.
Table of ContentsIslamic Banking and Finance in South East Asia - An Economic Phenomenon or a Socio-Political Development? (A M Venardos); Legal and Regulatory Issues Concerning Islamic Banking's Development in Singapore (A Selvam); Brunei: A Niche Money Market for Offshore Islamic Finance (K A Khairuddin); Legal and Regulatory Issues Concerning Islamic Banking's Development in Malaysia (N N Thani); The Islamic Retail Experience in Malaysia (Y Junus); Windows of Opportunity for Islamic Banking and Finance in South East Asia (S Younis); Growth and Trends in Islamic Capital Markets (B A Ghani); Japanese Interest in Islamic Banking in South East Asia (T Maeda); USA and South East Asia: Islamic Banking and Finance Development Opportunities (M Kuo); Current Issues in Implementing Islamic Finance within the International Financial Reporting Standards (M F Azmi); Has Islamic Banking Reached the Tipping Point? (F Alshowaikh); and other papers.
