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The investment account platform: a practical application of fintech in Malaysia

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dc.contributor.authorMarjan Muhammad
dc.contributor.authorNoor Suhaida Kasri
dc.date.accessioned2021-10-28T03:50:52Z
dc.date.available2021-10-28T03:50:52Z
dc.date.issued2019
dc.description.abstractThe launching of Malaysia's investment account platform (IAP) in 2016 marked another important milestone in positioning Malaysia as a leader in the Islamic banking industry. For the first time in Malaysian history, six competitive Islamic banks collectively collaborated to initiate and launch the IAP. The multi-bank platform offers multiple ventures or investment avenues for investors to invest in, and financing options and opportunities for ventures to choose from, via the intermediation of the sponsoring banks. The platform that leverages on the advance and innovative financial technology system, or fintech, offers a safe and regulated investment ecosystem with better outreach and enhanced visibility to the ventures while the investors enjoy a greater transparency and disclosure on the listed ventures (Investment Account Platform, 2016). The IAP has introduced a new innovative asset class into the Islamic financial market. Its introduction has developed and strengthened the Malaysian Islamic financial market by garnering investments from institutions as well as retail, which includes high net worth individual investors (Razak, 2015).en_US
dc.identifier.citationKasri, N. S. and Muhammad, M. (2019). The investment account platform: a practical application of fintech in Malaysia. In Umar A. Oseni & S. Nazim Ali (Eds.), Fintech in Islamic finance: theory and practice (pp. 249-265). Abingdon, Oxon: Routledge.en_US
dc.identifier.isbn9781138494800 (pbk)
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/3466
dc.languageEnglish
dc.language.isoengen_US
dc.publisherRoutledgeen_US
dc.rights2019. Routledge
dc.sourceSEDONA
dc.subjectInvestment account platform (IAP)en_US
dc.subjectIslamic financial marketen_US
dc.subjectFintechen_US
dc.subjectMalaysiaen_US
dc.titleThe investment account platform: a practical application of fintech in Malaysiaen_US
dc.typeChapter in Booken_US
dlc.maintopicFintechen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicFintechen_US
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