The document summarizes recent developments in Islamic finance in Malaysia. It notes that Malaysia has become a leader in Islamic finance, with the size of its Islamic banking assets reaching over $230 billion in 2013. The government aims to further develop the country's Islamic finance industry and has introduced new regulations and oversight bodies to standardize and promote Islamic banking, finance, and capital markets.

1. ଉଉଉଉཽ ᚨ ࢷ ᐈ ْ ཎ ᥞ ८ ᘜ Ꮖ ഑ཽ ᚨ ࢷ ᐈ ْ ཎ ᥞ ८ ᘜ Ꮖ ഑ཽ ᚨ ࢷ ᐈ ْ ཎ ᥞ ८ ᘜ Ꮖ ഑ཽ ᚨ ࢷ ᐈ ْ ཎ ᥞ ८ ᘜ Ꮖ ഑ ʳʳʳʳ ʳʳʳʳ ¢¡¤£¦¥¢§©¨
˛̂́˺ʳ˞̂́˺ʳ̆˻̂̈˿˷ʳ˵̅̂˴˷˸́ʳ̇˻˸ʳ˹˼˸˿˷ʳ̂˹ʳ˜̆˿˴̀˼˶ʳ˹˼́˴́˶˸˛̂́˺ʳ˞̂́˺ʳ̆˻̂̈˿˷ʳ˵̅̂˴˷˸́ʳ̇˻˸ʳ˹˼˸˿˷ʳ̂˹ʳ˜̆˿˴̀˼˶ʳ˹˼́˴́˶˸˛̂́˺ʳ˞̂́˺ʳ̆˻̂̈˿˷ʳ˵̅̂˴˷˸́ʳ̇˻˸ʳ˹˼˸˿˷ʳ̂˹ʳ˜̆˿˴̀˼˶ʳ˹˼́˴́˶˸˛̂́˺ʳ˞̂́˺ʳ̆˻̂̈˿˷ʳ˵̅̂˴˷˸́ʳ̇˻˸ʳ˹˼˸˿˷ʳ̂˹ʳ˜̆˿˴̀˼˶ʳ˹˼́˴́˶˸ʳˍ ʳ˵̌ ʳ˘ ˷˷̌ ʳ˞̂ʳˍ ʳ˵̌ ʳ˘ ˷˷̌ ʳ˞̂ʳˍ ʳ˵̌ ʳ˘ ˷˷̌ ʳ˞̂ʳˍ ʳ˵̌ ʳ˘ ˷˷̌ ʳ˞̂
2014 ‫ڣ‬ 10 ִ 29 ֲ ଉ ཽ ೸ ት
ଉ ཽ ‫ْڇ‬ ཎ ᥞ ८ᘜ ឈ ๠ ᆵ ৵ ‫ۯ‬ ᆜ Δ‫܀‬ २ ‫ڣ‬৺ ದ ऴ ಳ Δ‫ץ‬ ਔ Օ Ժ ං ۩ ْ ཎ ᥞ ႘ ࠦ ΰSukukαΖْ ཎ ᥞ ८ᘜ ‫ڇ‬
٤ ෺ऱ ᘋ ದ Δፖْ ཎ ᥞ ഏ ୮ ֫ Ղ ऱ ‫ف‬ ई ભ ց ΰPetro-dollarαஒ ஒ ઌ ᣂ Ζ२ ‫ْڣ‬ ཎ ᥞ ഏ ୮ ऱ ᆖ ᛎ ‫ޏ‬ ଀ ࡉ ࿨ ዌ
ᓳ ᖞ Δ‫ڇ‬८ᘜ ٤ ෺֏ հ Հ Δ੡ ْ ཎ ᥞ ८ᘜ ‫٤ڇ‬ ෺ऱ ࢷ ୶ ໌ ທ Ա ‫ڶ‬ ‫ܓ‬ ය ٙ Ζ
२ ‫ْڣ‬ ႘ ႃ ᇷ ᠰ ຒ ᏺ
ʳ ‫ڇ‬ 2007 ‫۟ڣ‬ 2012 ‫ڣ‬հ ၴ Δْ ཎ ᥞ ႘ ࠦ ऱ ႃ ᇷ ᠰ Δ‫ޢ‬ ‫ؓڣ‬ ݁ ‫א‬ 15%۟ 20%ऱ ຒ ৫ ᏺ९ Δኲ ۟ 2013 ‫ڣ‬
Ղ ‫ת‬ ‫ڣ‬Δբ ࿇ ۩ ऱ ْ ཎ ᥞ ႘ ࠦ ᜔ ᠰ ሒ ࠩ 2450 Ꮩ ભ ց (પ 1.9 ᆄ Ꮩ ց )Δ‫۾‬ ٤ ෺ْ ཎ ᥞ ८ᘜ ᇷ ข ᜔ ᑇ ऱ Ԯ ։ հ
ԫΖᖕ ေ ్ ᖲ ዌ ᗪ ૭ ᑇ ᖕ ᧩ ‫ق‬ Δቃ ૠ ‫ڇ‬ 2014 ‫ْڣ‬ ཎ ᥞ ႘ ࠦ ࿇ ۩ ᠰ પ 700 Ꮩ ભ ց Δለ ‫װ‬ ‫ڣ‬ऱ 640 Ꮩ ભ ց Δ
ᏺ‫ף‬ 60 Ꮩ ભ ց Ζ
ʳ ॺ ْ ཎ ᥞ ‫׈‬ ੺ հ խΔ૎ ഏ ᥆ ၲ ࢷ ْ ཎ ᥞ ८ᘜ ऱ ࠢ ᒤ Ζ1992 ‫ڣ‬Δ૎ ഏ ྆ ‫ؚ‬ Ꭼ ۩ ‫ګ‬ ੡ ଈ ୮ ༼ ࠎ ْ ཎ ᥞ Ꭼ ۩
೸ ঴ ऱ ഏ Ꮎ ೸ ᄐ Ꭼ ۩ Δ‫ګ‬ ‫פ‬ ൅ ೯ ८ᘜ ؑ ໱ ᣂ ࣹ ْ ཎ ᥞ ८ᘜ հ ਲ Δࠀ‫׊‬ ‫ܮ‬ ֧ լ ֟ ْ ཎ ᥞ ८ᘜ ᖲ ዌ ၞ ᕋ ଩ ཉ Ζ
2003 ‫ࠐאڣ‬ Δ૎ ഏ ֫ ‫ؚ‬ ທ ᇠ ഏ ‫ګ‬ ੡ ۫ ֱ ऱ ْ ཎ ᥞ ८ᘜ ᑐ ో Ζᅝ ‫ڣ‬ 10 ִΔ૎ ഏ ਙ ࢌ ৙ ؒ ࿇ ۩ ْ ཎ ᥞ ႘ ࠦ Δ
ࠀ‫ٵ‬ ழ ๻ ‫م‬ ೏ ᐋ ‫ڻ‬ ऱ ຝ ९ ్ ْ ཎ ᥞ ८ᘜ റ ຂ ՛ ิ ΰMinisterial Islamic Finance Task ForceαΔ༉ ᅝ ‫چ‬ ࿇ ୶ ْ
ཎ ᥞ ८ᘜ ऱ ഗ ৬ ‫܂‬ ‫נ‬ ઔ ߒ Ζ૎ ഏ መ ‫װ‬ ං ‫נ‬ ْ ཎ ᥞ ਐ ᑇ ࡉ ْ ཎ ᥞ ै ป ഗ ८Δۖ ᅝ ‫چ‬ ऱ ْ ཎ ᥞ ८ᘜ ‫׌‬૞ ႃ խ‫ڇ‬
௣ ၄ ८ᘜ ؑ ໱ ‫ڕ‬ ࢪ ৢ ᘜ ᇷ Δ‫ץ‬ ਔ ԫࠄ ฤ ‫ٽ‬ ْ ཎ ᥞ ८ᘜ ऱ ਙ ࢌ ႈ ‫ؾ‬ Δࠏ ‫ڕ‬ ᖂ ‫س‬ ᘜ ᇷ Ε໌ ᄐ ᘜ ᇷ ‫֗א‬ ٞ ᄐ ᇖ ‫ܗ‬ Δ
ല ࿇ ୶ ْ ཎ ᥞ ८ᘜ ‫܂‬ ੡ আ ၞ ष ᄎ ࡉ ᘫ ऱ ԫଡ ૹ ૞ ֫ ੄ Ζ
ʳ ଉ ཽ ‫װ‬ ‫ڣ‬ຏመ π2012 ‫ڣ‬࿔ ೭ ֗ ‫ٱ‬ क़ ࿔ ය ࠏ (‫׼‬ ᣊ ႘ ࠦ ૠ ቤ )(ය ࠏ )ଥૡ ౻ ூ ρ Δࠀ࣍վ ‫ڣ‬ၲ ࡨ ຘ መ ਙ ࢌ

2. ෰ ᙰ ࿇ ഇ ْ ཎ ᥞ ႘ ࠦ Ζ௅ ᖕ ଉ ཽ ८ᘜ ጥ ෻ ‫ݝ‬ ௣ ஒ Δਢ ‫ڻ‬ ࿇ ഇ ْ ႘ ऱ ‫گ‬ ટ ෷ ੡ 2.005%Δፖ 5 ‫ڣ‬ཚ ભ ഏ ഏ ႘
ઌ ၏ 23 ଡ ഗ រ Δ࿇ ۩ ᠰ ੡ 10 Ꮩ ભ ց Δ‫ڣ‬ཚ ੡ 5 ‫ڣ‬Δᎁ ᝜ ८ᠰ ၌ መ 47 Ꮩ ભ ց Ζ
࿇ ൺ փ‫چ‬ ᗪ ཎ ࣥ೸ ᖲ
ʳ ࠃ ኔ Ղ Δৰ ‫ڍ‬ Գ ޲ ‫ڶ‬ ࣹ რ ࠩ Δ‫ײ‬ ‫ז‬ ऱ ዧ ග ֗ ْ ཎ ᥞ ֮ ֏ ኙ २ ‫ז‬ խഏ ᐙ ᥼ ່ ੡ ෡ ᎛ Δ‫ڂ׌‬ ਢ ‫ײ‬ ‫ז‬ ࿭ ሁ ၉
࣐ ൅ ೯ ࢬ ી Ζխഏ ឈ ‫א‬ዧ ග ੡ ‫᧯׌‬ ΰٍ ‫ڶ‬ የ Ε፞Ε‫ڃ‬Ε៲ ؄ Օ ග αΔ‫܀‬ ॾ ࡚ ْ ཎ ᥞ ऱ Ժ ၦ থ լ ౨ ࢙ ီ Ζխ
ഏ ᗪ ཎ ࣥԳ Ց પ੡ 2200 ᆄ Գ Δ‫۾‬ ᖞ ᧯ Գ Ց լ ߩ 5%Δ‫׌‬૞ ࠐ ۞ ᄅ ᡲ Εೇ ۫ Εࣾ ত Εࣾ ‫ק‬ Ε‫֗א‬ ࠇ ੍ ࿛ ‫چ‬ ೴ Δ
‫܀‬ ‫ה‬ ଚ ऱ ೸ ᖲ থ լ ୲ ଉ ཽ ८ᘜ ᄐ ࢙ ီ Ζᙟ խഏ ᗪ ཎ ࣥ‫چ‬ ೴ ऱ ᆖ ᛎ ࿇ ୶ Δຑ ‫ٵ‬ ཋ ᆵ ٤ ഏ ऱ ‫ڃ‬ග Գ Δխഏ Գ ኙ
ْ ཎ ᥞ ८ᘜ ऱ ᎁ व ፖᏁ ‫ޣ‬ ‫׽‬ ᄎ ყ ࠐ ყ ‫ڍ‬ Ζ
ʳ ᖕ ൜ Δኑ ୙ ਙ ࢌ ‫ڰ‬ ‫ڣ‬མ ઔ ߒ ‫ཽڇ‬ ࿇ ۩ ْ ႘ Δۖ ْ ཎ ᥞ ॾ ಜ ٍ མ ‫ڇ‬ኑ ୙ ࿇ ୶ መ Δ෰ ᙰ ृ ੡ ψᐚ ၼ ߓ ω८
ᘜ ᖲ ዌ հ ԫऱ ْ ཎ ᥞ ॾ ಜ ‫ދ‬ ᇷ ֆ ‫׹‬ Ζ‫ط‬ ࣍౒ ‫׎‬ ؑ ໱ ֏ ᖲ ࠫ Δᇠ ֆ ‫׹‬ ‫ڇ‬ 2004 ‫ڣ‬ऱ ψᐚ ၼ ‫ٲ‬ ᖲ ωխΔᣤ ૹ ᇷ
լ ࣂ ႘ Δࠡ ৵ ๯ խ២ ႃ ቸ ዁ Հ ԫ୮ ኑ ୙ ጵ ‫ٽ‬ ‫ދ‬ ᇷ ֆ ‫׹‬ ‫֗א‬ ԫ୮ ኑ ୙ ሽ Ժ ‫ދ‬ ᇷ ႃ ቸ ၞ ۩ ૹ ิ Δࠀ‫׊‬ ࣐ ‫ټ‬ ੡ ψխ
២ ഏ Ꮎ ॾ ಜ ωΖփ‫چ‬ ‫ދ‬ ᇷ ृ ֗ ٞ ᄐ ‫ڇ‬փ‫چ‬ ᖙ ‫܂‬ ْ ཎ ᥞ ८ᘜ ழ Δᚨ ‫ە‬ ᐞ Ղ ૪ ८ᘜ ଅ ᙠ Ζ
ʳ ᄅ ‫ף‬ ࡕ Ε್ ࠐ ۫ ࠅ ࿛ ᔣ २ ࣟ ত ࠅ ‫چ‬ ೴ ‫ڰ‬ բ ၲ ୶ ْ ཎ ᥞ ८ᘜ Ζْ ཎ ᥞ ८ᘜ ‫ڇ‬ଉ ཽ ‫ױ‬ ᎅ ਢ २ ‫ڇ‬স ֡ Δᣂ ᝶
‫ߪ࣍ڇ‬ ๠ ‫ڇ‬խ۫ ٌ Ⴊ հ ‫چ‬ ऱ ଉ ཽ Գ Δ‫ڕ‬ ۶ ‫ړ‬ ‫ړ‬ ‫ނ‬ ༽ ຍ ‫آ‬ ᆖ ၲ ࿇ ऱ ጇ ᣪ Ζْ ཎ ᥞ ႘ ࠦ ౨ ജ ‫ދ‬ ᇷ ऱ ۩ ᄐ ‫ڶ‬ ਬ ࿓
৫ ऱ ૻ ࠫ Δ‫ޢ‬ ᅝ ሖ ࠩ ‫ٽ‬ ᔞ ऱ ႈ ‫ؾ‬ ழ Δ‫ދ‬ ᇷ რ ඿ ઌ ኙ ለ ੡ ၞ ࠷ Δৰ ଖ ൓ ᣂ ࣹ Ζৰ ‫ڍ‬ Գ ‫ژ‬ ‫ڶ‬ ᎄ ᇞ Δ༉ ਢ ೶ ፖْ
ཎ ᥞ ८ᘜ ऱ ‫ދ‬ ᇷ ृ Δ‫ؘ‬ ႊ ૞ ‫ڶ‬ ْ ཎ ᥞ ඒ ॾ ٛΖࠡ ኔ ᛩ ᥽ ٤ ෺Δْ ཎ ᥞ ८ᘜ ऱ ೶ ፖृ ࠀլ Ꮑ ૞ ᖑ ‫ڶ‬ ْ ཎ ᥞ ॾ
ٛΔ‫ދ‬ ᇷ ृ ፖْ ཎ ᥞ ඒ ‫ױ‬ ‫א‬ශ ྤ ᣂ এ Ζ
‫ܮ‬ ֧ ْ ཎ ᥞ ᇷ ८‫ދ‬ ᇷ

3. ʳ ࠅ ੊ ࿇ ୶ ْ ཎ ᥞ ८ᘜ ֱ ૿ ս ‫್א‬ ࠐ ۫ ࠅ ੡ ‫׌‬Δ‫۾‬ ٤ ෺ْ ཎ ᥞ ႘ પ 70%ٝ ᠰ Ζመ ‫װ‬ 12 ‫ڣ‬Δ್ ࠐ ۫ ࠅ բ
࿇ ۩ ‫ٺ‬ ‫ڣ‬ཚ ऱ ْ ཎ ᥞ ‫ᦞ׌‬ ႘ ࠦ Δ‫ץ‬ ਔ ‫א‬ભ ց ֗ Գ ‫ا‬ ኞ ૠ Ꮭ ْ ႘ Ζ2012 ‫ڣ‬ 9 ִΔ್ ࠐ ۫ ࠅ ฝ ೯ ຏॾ ሎ ᛜ ೸ ࠅ
ຏ(Axiata)࿇ ۩ 10 Ꮩ ց Գ ‫ا‬ ኞ ْ ཎ ᥞ ႘ ࠦ Δᛧ ൓ 35 Ꮩ ց ࠐ ۞ ଉ ཽ Εᄅ ‫ף‬ ࡕ Ε್ ࠐ ۫ ࠅ Εᑛ ੊ ࿛ ‫چ‬ ऱ ᇷ ८
ᎁ ᝜ Ζ‫ٵ‬ ழ Δ್ ࠐ ۫ ࠅ ‫ڰ‬ ࣍ 2000 ‫ڣ‬բ ๻ ‫م‬ ౏ Ꮈ ഏ Ꮎ ८ᘜ ٌ ࣐ ࢬ (១ ጠ LFX)Δᚥ ‫ܗ‬ ٞ ᄐ ࡉ ਙ ࢌ ೶ ፖْ ཎ ᥞ
ऱ ႘ ࠦ ࡉ ߏ Ⴅ ഗ ८ᄐ ೭ Ζ
ʳ ೈ Ա ࿇ ۩ ْ ႘ Δଉ ཽ ٍ ‫ױ‬ ࢷ ୶ ْ ཎ ᥞ Ꭼ ۩ Ε‫ދ‬ ᇷ ഗ ८֗ অ ᙠ ࿛ ْ ཎ ᥞ ८ᘜ Ꮖ ഑ Ζ࿝ ृ ৬ ᤜ ଉ ཽ ࡉ փ‫چ‬
‫ױ‬ ‫ܓ‬ ‫ش‬ խॳ ‫ٽ‬ ‫܂‬ ᓵ ᕽ Εխॺ ‫ٽ‬ ‫܂‬ ᓵ ᕽ ‫֗א‬ խॳ ໑ ᥦ ᄎ ऱ ᖲ ࠫ ֗ ؓ ‫؀‬ Δ‫ף‬ ൎ ፖْ ཎ ᥞ ഏ ୮ ऱ ਙ ए Εᆖ ᛎ ࡉ ֮
֏ ٌ ੌ Δൕ ۖ ‫ף‬ ൎ ْ ཎ ᥞ ᇷ ८‫ދ‬ ᇷ ଉ ཽ ֗ փ‫چ‬ Ζ‫ٵ‬ ழ ৬ ๻ ኑ ୙ ψխॳ ८ᘜ ‫ٽ‬ ‫܂‬ խ֨ ωΔ੡ խॳ ᠨ ᢰ ‫ދ‬ ᇷ ࡉ
၉ ࣐ ᘜ ᇷ ჸ ৬ ؓ ‫؀‬ Ζ௧ ᨜ ഏ ୮ ‫ڇ‬Ⴅ ႃ Օ ၦ ᇷ ८ழ Δೈ Ա ‫ف‬ ई ભ ց ‫ދ‬ ᇷ Δᝫ ຏመ ْ ႘ ࡉ റ ூ ֱ ‫ڤ‬ ᛧ ൓ Ζ۴ ᙟ
ᄅ ౨ ᄭ ‫ދ‬ ᇷ ऱ ᘋ ದ Δ‫آ‬ ࠐ റ ூ ᘜ ᇷ ૠ ቤ ٍ ᄎ ਍ ᥛ ᏺ‫ף‬ Ζփ‫چ‬ ८ᘜ ᖲ ዌ ‫ױ‬ ‫א‬ଗ ᦹ ֲ‫ء‬ ऱ ೚ ऄ Δຏመ റ ூ ᘜ ᇷ
ૠ ቤ Δჿ ᦡ ௧ ᨜ ‫چ‬ ೴ Δ‫ڼ‬ ᜰ ٍ ‫ױ‬ ᚥ ‫ܗ‬ փ‫چ‬ ऱ ٠ ٗ ࡉ ࠡ ‫ה‬ ᄅ ౨ ᄭ ข ᄐ ߨ ‫ٻ‬ խࣟ Ζ
‫܂‬ ृ Κ೏ ‫ݳ‬ ᎌ (Eddy Ko)១ տ ;
૎ ഏ /ଉ ཽ ု ‫ם‬ ᄎ ૠ ஃ Εု ‫ם‬ ֆ ‫׹‬ ఽ ஼ ; ૎ ഏ ဎ ৖ Օ ᖂ ೸ ᖂ ೃ ᆖ ᛎ ತ ᆖ ጚ Փ
೏ ‫ݳ‬ ᎌ ‫ז‬ । ౏ Ꮈ ഏ Ꮎ ೸ ᄐ ८ᘜ խ֨ ೶ ፖ࣍ 2013 ‫ڣ‬ 3 ִ 18 ֲ‫مڇ‬ ऄ ᄎ ऄ ூ ࡡ ୉ ᄎ ᄎ ᤜ Ղ ࢬ ༼ ‫נ‬ ऱ 2012 ଥ
ૡ ࿔ ೭ ֗ ‫ٱ‬ क़ ࿔ ऄ ࠏ ΰ‫׼‬ ᣊ ႘ ࠦ ૠ ቤ αΰଥૡ αය ࠏ ౻ ூ Ζ
೏ ‫ݳ‬ ᎌ ᗨ ᄕ ං ᐖ ‫ױ‬ ਍ ᥛ ඒ ߛ Δؓ ࿛ ᖲ ᄎ Δጟ ග ࡉ ᘫ Δֆ ‫׹‬ ጥ ए ࡉ ሐ ᐚ Ꮭ ଖ ࿯ ᄎ ૠ ஃ , ֆ ‫׹‬ ఽ ஼ ࡉ ᖲ ዌ Δࠀ
ଠ ᖄ ‫א‬ጸ ‫ۥ‬ ኪ ৫ ࠐ ኙ ৱ ৺ ᑥ ៴ ጸ ऱ ‫چ‬ ෺Ζ
Eddy Ko represented Labuan IBFC on 18 March 2013 at the Bills Committee meeting at the Legislative Council
on the proposed amendments to the Inland Revenue and Stamp Duty Legislation (Alternative Bond
Schemes)(Amendment) Bill 2012.

4. Eddy actively promotes continuous education, equal opportunity, racial harmony, corporate governance and
ethical values for accountants, company secretaries and corporations, and advocates a green attitude for a clean
blue green planet.
(ࠐ ᄭ : ෡ ‫څ‬ ᄅ ‫׾‬ ᫪ )
http://www.hkcd.com.hk/content/2014-10/29/content_3393468.htm
ᦤկ: ֌֭੼ᤦଣ᳝└݀ৌ֌֭੼ᤦଣ᳝└݀ৌ֌֭੼ᤦଣ᳝└݀ৌ֌֭੼ᤦଣ᳝└݀ৌጻ ଄ : http://falconmgtconsultancy.com/companyoverview/
ሽ ၡ : eddy.ko@falconmgtconsultancy.com