Banks and banking 

Islamic banking is no longer a new phenomenon in the banking industry. The Dubai Islamic Bank was the first bank that conduct its banking businesses under Islamic principles. Presently, there are more than 300 Islamic Financial institutions operating in 75 countries across the globe. The Asian Banker Research Group reported that an annual asset growth rate of the world’s 100 largest Islamic banks is about 27% per annum, while the total global Islamic finance industry is growing at about 20% annually. In Malaysia, Islamic finance was first introduced through the establishment of Lembaga Urusan Tabung Haji (LUTH) in 1969.

Islamic Banking Operation – The Malaysia Experience covers issues on the basic Shariah Principles underlying the operation of Islamic banking, the framework of Islamic and conventional banking, Trade Finance, Treasury Functions and the Money Market Operations. The book is aided with illustration to help readers to better comprehend the operations of Islamic banking. Opportunities, challenges and problems with the dual banking system in Malaysia are also addressed in the book.