Islamic finance has undergone explosive growth in the last decade. It upholds the principles of integrity, transparency, risk and profit sharing, fairness, and good corporate governance. Each transaction is supported by underlying assets and ensures a more equitable distribution of wealth.

Islamic finance has undergone explosive growth in the last decade. It upholds the principles of integrity, transparency, risk and profit sharing, fairness, and good corporate governance. Each transaction is supported by underlying assets and ensures a more equitable distribution of wealth.

Faced with regional competition, Malaysia has found a niche – an economic activity through which the country sets itself apart in the region and offers some- thing hard to find elsewhere. That niche is Islamic financial services, one of the fastest-growing segments of the Malaysian economy.

The historical roots of Islamic Finance can be traced back over a thousand years when Muslim traders developed financial tools to meet requirements of the Shari'ah.

Malaysia began offering its domestic Islamic products some 30 years ago and it was originally a vehicle of inclusion,allowing Muslims to save and participate in the formal economy.Today global Islamic banking assets are worth $800 billion and are managed by over 300 institutions in 75 countries, Muslim and non-Muslim alike. Islamic finance has thus far recorded a 15-20% annual growth rate making it the fastest growing financial sector in the world.