PERKEMBANGAN PASARAN MODAL ISLAM DALAM PEMBANGUNAN EKONOMI NEGARA

Abstract

After the demise of the Socialists Economic System, the emergence of Islamic Economic System become immense and appreciated by both Muslim as well as Non–Muslim scholars. Institutions of Islamic Banking, Islamic Insurance and Islamic Pawn Shop (al–Rahnu) are well accepted. One important subject in investment is on the aspect of Islamic Capital Market. Although it has been launced since the last 2 decades, the advantages of Islamic Capital Market is not being fully utilised. With a few distinguished characteristics embodied in the Islamic system as compared to the present conventional system, Islamic Capital Market should be attractive enough to act as an alternative system in accumulating capital towards the country’s economics development.