International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Malaysia Islamic Finance Global Hub: A Comparative Study towards the Assessment Bodies in Reporting Global Hub Countries
Mohd Nazri Bin Mohd Noor, Joni Tamkin Bin Borhan, Patmawati Binti Ibrahim PhD, Mohammad Noorizzuddin Bin Nooh, Asmaddy Bin Haris PhD, Muhammad Ridhwan Bin Ab. Aziz PhD, Azrul Azlan Bin Iskandar Mirza

As Malaysia aims to becoming as Islamic finance global hub, thus the evaluation to determine global hub country is somehow valuable to bring into a research. Other Islamic finance countries like Saudi Arabia, Qatar, United Arab Emirates and even London, have clearly declared to become as Islamic finance Global hub. The evaluation of Islamic finance global hub country could benefit Islamic finance industry which among others could indicate the standard of Islamic finance global hub and the determination of exact countries eligible as Islamic finance global hub. Hence, this study examines three assessment bodies as a sample namely; The Global Competitiveness Report, The Global Financial Index and Ernst & Young (E& Y) Globalization Index as a comparative study to find the suitable method in global hub evaluation. Simultaneously, this study will examine Malaysia’s economic competitiveness among other countries around the world to determine positive factors that could position Malaysia as Islamic finance global hub. Then, some recommendations will be proposed for a new framework for Islamic finance global hub assessment.

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