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Islamic Asset Management In The Malaysia Banking Industry: A Preliminary Assessment

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  • Azreen Hamiza Abdul Aziz

    (Universiti Sains Malaysia)

Abstract

This paper aims to explore the preliminary understanding of Islamic asset management in the banking industry. To date, a uniform regulatory and legal framework supportive of Islamic asset management has yet to be developed. This paper explores and provides an understanding on the existing concept of Islamic asset management that has been used in the banking industry today. The discussion on this is divided into three parts that will answer the following three questions: Firstly, what is the meaning of Islamic asset management in the banking industry? Secondly, how do the banks manage all the assets? Thirdly, is the concept of Islamic asset truly based on 'Shari'ah' and guaranteed all the customers on the Islamicity of the products? In accomplishing these objectives, library research is mainly used to obtain the different types of theories and concepts on asset management applied to this paper with content analysis carried out from the findings. The findings of this paper reveal that Islamic asset management that has been used in the banking industry is still hold on to the conventional theory as the foundation.

Suggested Citation

  • Azreen Hamiza Abdul Aziz, 2015. "Islamic Asset Management In The Malaysia Banking Industry: A Preliminary Assessment," Proceedings of International Academic Conferences 2703664, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:2703664
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    File URL: https://iises.net/proceedings/18th-international-academic-conference-london/table-of-content/detail?cid=27&iid=002&rid=3664
    File Function: First version, 2015
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    More about this item

    Keywords

    Islamic Asset Management; Banking Industry;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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