Islamic Economy In Malaysia: The Key To Success In Becoming A World Center of Islamic Finance

Abstract

Malaysia's success in building a strong Islamic economic system and making it the world's Islamic financial center. Through a literature study and policy analysis approach, this article describes the key factors that support this transformation. Malaysia in making itself the world's Islamic financial center cannot be separated from the synergy between government policies alone but also all other stakeholders such as supporting institutional infrastructure, modern Islamic financial products and innovations, international partnership strategies, and also quality education and human resources. The results show that Malaysia has succeeded in integrating Islamic principles into the national financial system strategically and progressively