Academic Presentation

Malaysia has witnessed strong sustained growth over the last three decades, growing at an average annual rate of 5.8%. This sustained growth performance has been accompanied by significant structural shifts in the economy, reflecting the transformation of the Malaysian economy amid the changing global and domestic environment.

Malaysia has a long history of internationally valued exports, being known from the early centuries A.D. as a source of gold, tin and exotics such as birds’ feathers, edible birds’ nests, aromatic woods, tree resins etc. The commercial importance of the area was enhanced by its strategic position athwart the seaborne trade routes from the Indian Ocean to East Asia.

The slides highlight: 1) overview of Islamic world on Islamic economic; 2) Halal industry and ecosystem; 3) key issues and challenges; 4) opportunities of halal industry.

In the last few years, SMEs have witnessed a marked improvement in their performance. Real Gross Domestic Product (GDP) of SMEs has consistently outperformed that of the overall economy, expanding at an average annual growth rate of 6.8% versus 4.9% for the overall economic growth in the period 2004 - 2010.

This research paper attempts to empirically examine the short-run and long-run causal relationship between income level, energy consumption and carbon emission. Trade openness and urbanization is also included to act as control variables.

The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

The slides highlight: 1) the needs of Islamic finance; 2) sources of Shariah; 3) prohibition in Islamic finance.