In Malaysia, sharia-compliant banking currently accounts for a marginal share of the Malaysian financial sector. Recent estimates expect that Islamic financial assets in Malaysia could reach more soon.
Malaysia is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Malaysia's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.
Currently, Malaysia has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.
MALAYSIA ONLINE SHARIA BANK