Pasaran Modal Islam di Malaysia: Mengembang atau Menguncup? Islamic Capital Market in Malaysia: Expanding or Shrinking?

M. Yahya M. Hussin; Fidlizan Muhammad; Azila A. Razak; Nurhanie Mahjom; Fatimah Salwa A. Hadi

Authors

M. Yahya M. Hussin Sultan Idris Education University
Fidlizan Muhammad Sultan Idris Education University
Azila A. Razak Sultan Idris Education University
Nurhanie Mahjom Sultan Idris Education University
Fatimah Salwa A. Hadi Sultan Idris Education University

Keywords:

ICM, Sukuk, Islam

Abstract

This study analyzes the evolution of Islamic Capital Market (ICM) which is considered as an alternative to the conventional capital market in Malaysia. Among the instruments of ICM that are analyzed include Sukuk, Islamic Unit Trust, Real Estate Investment Trusts, Islamic Exchange Traded Funds, Islamic Structured Products and Shariah-Compliant Securities. In addition, the role and contribution of Securities Commission as a catalyst for the evolution of ICM are also been discussed in this study.