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Transforming the Economy and Society through Islamic Finance
Islamic finance in Malaysia has become well-entrenched in the country’s dual financial system. Both conventional and Islamic financial systems remain important enablers of sustainable growth in the economy. The growth of Islamic finance reflects a growing awareness and wider public acceptance of Islamic financial solutions as a competitive alternative to conventional finance with distinct value propositions. In recent years, Islamic banks and takaful operators have been offering new innovative solutions to promote financial inclusion, empower the community and entrepreneurs, and support Malaysia’s economic transition to a more environmentally sustainable economy.