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The phenomenal worldwide development over the past decade of Islamic banking and finance is drawing much attention to Southeast Asia, which, on the platform of its own economic growth success, is also proving to be the gateway for Middle Eastern petrodollar investments into the two great emerging markets of India and China. This book provides a timely examination of the issues confronting this US$300 - US$500 billion market growing at 15% - 20% per annum, with reviews of the different financial markets, be they capital (Sukuk), retail or wealth management. It further includes reviews from the various jurisdictions including Malaysia (the front-runner), Singapore (the regional financial hub), Brunei (an offshore Islamic market player) and the sleeping giant, Indonesia, as well as newly emerging participants such as Japan and the United States. Contributors, all well-known leading practitioners in their fields, range from lawyers, accountants, bankers and educators to policy advisors, and come from institutions such as CIMB, Kuwait Finance House, OCBC Bank and PricewaterhouseCoopers, among others.--Book cover.
This book examines the rapidly expanding global landscape of Islamic banking and finance, with a particular focus on its burgeoning presence in Southeast Asia. The author, Angelo M. Venardos, addresses the significant growth of this market, estimated between US$300 - US$500 billion annually and expanding at 15% - 20% per year. It reviews various financial markets, including capital (Sukuk), retail, and wealth management, and analyzes the contributions and positions of key jurisdictions such as Malaysia, Singapore, Brunei, and Indonesia, alongside emerging players like Japan and the United States. The contributors are leading practitioners from diverse fields, bringing expertise from institutions like CIMB, Kuwait Finance House, OCBC Bank, and PricewaterhouseCoopers.
The book is presented as a timely examination of a rapidly growing global market, highlighting Southeast Asia's pivotal role. The inclusion of contributions from leading practitioners and diverse institutions suggests a practical and authoritative perspective on current issues in Islamic banking and finance. The focus on specific jurisdictions and market segments indicates a detailed and geographically nuanced approach to the subject matter. The book aims to provide insights into the challenges and opportunities within this significant financial sector.
Page Count:
315
Publication Date:
2010-01-01
ISBN-10:
9812833927
ISBN-13:
9789812833921
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