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Malaysia is a federal constitutional elective monarchy; the only federal country in Southeast Asia. [72] The system of government is closely modelled on the Westminster parliamentary system, a legacy of British rule. [73] The head of state is the King, whose official title is the Yang di-Pertuan Agong.
The first Islamic bank in Malaysia was established in 1983. In 1993, commercial banks, merchant banks and finance companies were allowed to offer Islamic banking products and services under the Islamic Banking Scheme (IBS). These institutions however, are required to separate the funds and activities of Islamic banking transactions from that of ...
Islamic equity funds were launched in the early 1990s, and began growing fairly rapidly in about 2004. As of 2014 there were 943 Islamic mutual funds worldwide and as of May 2015, they held $53.2 billion of assets under management. Malaysia and Saudi Arabia dominate the sector with about 69% of total assets under management.
History. During the (Malacca Sultanate) (1400–1511), the position that resembles modern chief of police is the Temenggong ('Chief of Public Security'). After the fall of Malacca and up to the 17th century, Malaya was under several western powers including Portugal, the Netherlands and Britain, and the task of securing public safety in Malaya fell to these nations' militaries.
Datuk Nicol Ann David DB PJN DSPN KMN AMN (born August 26, 1983) is a retired female Malaysian professional squash player. Beginning in August 2006, David was the world number one for a record-breaking 108 consecutive months, finally ceding the ranking in September 2015 to Raneem El Weleily. [4] She has won the World Open title a record 8 times ...
The Twelfth Malaysia Plan ( Malay: Rancangan Malaysia Kedua Belas ), otherwise known as the 12th Malaysia Plan and abbreviated as " 12MP ", is a comprehensive blueprint prepared by the Economic Planning Unit (EPU) of the Prime Minister's Department (PMO) and the Ministry of Finance. [1] The blueprint is a continuation to the 11th Malaysia Plan ...
Ministry of Finance on Facebook. The Ministry of Finance ( Malay: Kementerian Kewangan ), abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget.
Islam ( / ˈɪzlɑːm, ˈɪzlæm / IZ-la (h)m; [7] Arabic: ٱلْإِسْلَام, romanized :al-Islām, IPA: [alʔɪsˈlaːm], lit.'submission [to the will of God]') is an Abrahamic monotheistic religion centered on the Quran and the teachings of Muhammad, the religion's founder.