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Beyond DebtIslamic Experiments in Global Finance$
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Daromir Rudnyckyj

Print publication date: 2018

Print ISBN-13: 9780226551920

Published to Chicago Scholarship Online: May 2019

DOI: 10.7208/chicago/9780226552118.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 29 July 2021

An Infrastructure for Islamic Finance

An Infrastructure for Islamic Finance

(p.25) Chapter One An Infrastructure for Islamic Finance
Beyond Debt

Daromir Rudnyckyj

University of Chicago Press

This chapter describes the infrastructure that the Malaysian state has created to make Kuala Lumpur an Islamic global city: a central node for the practice of transnational Islamic finance. It examines the key Islamic financial institutions in Malaysia and describes how the state's aspirations for Islamic finance changed from a national to a global following the Asian financial crisis of the late 1990s. It focuses on the establishment of the key regulatory, commercial, educational, and research institutions necessary to make the Malaysian model of Islamic finance a global standard.

Keywords:   infrastructure, Islamic global city, globalization, global standards, institutions

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