Penulis: Muhammad Shahrul Ifwat Ishak

The Islamic finance industry has been widely recognized as a promising global industry. Its institutions have expanded worldwide, including in Western and non-Muslim majority countries. Based on Shariah principles, Islamic finance activities are free from riba, gharar, maisir, and all non-halal businesses. Nonetheless, as a new industry compared to its conventional counterparts, Islamic finance has experienced many challenges and issues. This includes harmonizing its system with the current regulatory need, adapting its business in a modern economic environment, and educating customers and the public on their unique financial activities. However, they have never stopped the growth of Islamic finance, especially Malaysia, which is considered among the leading countries in this sector. This module briefly introduces the Islamic financial system in Malaysia, especially for beginners. Even though many books are available in the market regarding this topic, this module comes up with a simple presentation suitable for lecturers, practitioners, students, and the public who intend to explore their knowledge in Islamic finance.