Shaping Economic Recovery in Malaysia: Challenges, Counterfactuals, and Strategic Reforms in the Post-Pandemic Era

Annamalah, Sanmugam

doi:10.2139/ssrn.5034767

2024

DOI: 10.2139/ssrn.5034767

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Shaping Economic Recovery in Malaysia: Challenges, Counterfactuals, and Strategic Reforms in the Post-Pandemic Era

Sanmugam Annamalah

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Sharia Economic Law Regulation In Indonesia And Malaysia: Implementation And Challenges

Khotimah

2024

SASI

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Introduction: This article explores the implementation and regulatory challenges of Sharia economic law in Indonesia and Malaysia, two key players in Islamic finance. Both countries have integrated Islamic principles into their economic frameworks, but their approaches differ due to legal, historical, and political factors.Purposes of the Research: The purpose of this article is to analyze and compare the regulatory frameworks governing Sharia economic law in Indonesia and Malaysia. It aims to highlight both the successes and obstacles in implementation, while offering potential recommendations for improvement.Methods of the Research: This study employs a comparative legal research methodology, analyzing primary legal sources such as laws, regulations, and official guidelines from Indonesia and Malaysia. Secondary sources, including academic articles and government publications, provide context for understanding how these frameworks are implemented.Results of the Research: The research finds that Malaysia’s centralized regulatory system, led by the Sharia Advisory Council (SAC), provides clear guidelines for Sharia-compliant financial products. In contrast, Indonesia’s regulatory framework is more fragmented, with overlapping responsibilities between institutions, creating challenges for effective implementation.

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Sharia Economic Law Regulation In Indonesia And Malaysia: Implementation And Challenges

Khotimah

2024

SASI

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scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

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Shaping Economic Recovery in Malaysia: Challenges, Counterfactuals, and Strategic Reforms in the Post-Pandemic Era

Cited by 1 publication

References 12 publications

Sharia Economic Law Regulation In Indonesia And Malaysia: Implementation And Challenges

Sharia Economic Law Regulation In Indonesia And Malaysia: Implementation And Challenges

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