Malaysia’s commodity murabaha push still has a way to go

Faith in funding

azzizi-mohamad-ghazi

The world’s Muslim population is projected by the International Journal of Environmental Science and Development to account for a quarter of the world’s estimated 7.8 billion people by 2020. As the population and wealth of Muslims increases, the size of the global murabaha business – a widely used cost-plus Islamic money markets structure – could grow dramatically, considering Islamic financial assets are today estimated at around $1 trillion. That’s why the Mala