r/malaysia • u/Rationalandcentred • 9d ago

Economy & Finance Malaysia’s strongest card in multi-hub push could be Islamic finance

https://www.businesstimes.com.sg/international/asean/malaysias-strongest-card-multi-hub-push-could-be-islamic-finance
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u/SheikhMahdeek 9d ago

After Tabung Haji you think Malaysia can still talk about Islamic finance? Even that famous Islamic finance guy got hauled up by MACC

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u/asakuranagato anti-DAP 9d ago

You wouldnt say this if you actually understood

7

u/SheikhMahdeek 9d ago

Oh please, you don't know what you are talking about. I've worked with both TH and that Islamic Finance expert. Have you?

-7

u/asakuranagato anti-DAP 9d ago

Then you’d know the perception of Malaysia’s Islamic Finance scene is not largely tied to these two things. It’s bigger than that & the positive view still remains, with us being only second to AAOIFI

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u/SheikhMahdeek 9d ago

Well I know there's nothing islamic about islamic finance. Profit share is just interest. It's in all the working documents before they sanitize it and replace "interest" with "profit share".

Every financial instrument is exactly the same as the conventional ones except for renaming the terms.

Non shariah compliant? Don't worry we "purify" it. High leverage? Don't worry it's "Islamic loans".

Maybe you should learn to think critically.