Shadows over syariah banking
Syariah banking shows two contradictory trends. First it insists it is different. But second, it wants to compete with Western banking in terms of financial services offered, but without imprudent risks to provide them.
The difference must lie in the adequacy of regulations based on applied theology, enforcement, and transparency.
Ahmad Riawan, chairman of the Indonesia Sharia Bank Association, noted in a recent Jakarta seminar on the sharia economy, that the central bank was confident it could contribute to Indonesian development without inflationary pressures.
Keep Malaysiakini independent!
Malaysiakini will be 18 this year. That we’ve survived this long is because of you.
Your support matters. A lot. Especially those who pay RM150 annually, RM288 biennially or RM388 triennially to keep Malaysiakini independent from government influence and corporate interests. Advertising alone will not keep Malaysiakini afloat.
Together, we’ve gone far. We’ve covered three prime ministers, four general elections, five Bersih rallies, and countless scandals. But the journey continues.
Help us deliver news and views that matter to Malaysians. Help us make a difference for Malaysia.