THE GROWTH OF ISLAMIC FINANCE IN MALAYSIA : THE INFLUENTIAL FACTORS
PREPARED FOR:
PN. NURAZLEENA BT ISMAIL ADVISOR (FIN 667)
DR. ZULKIFLI BIN MOHAMED
SECOND EXAMINER PROJECT PAPER (FIN 667)
PREPARED BY:
FATIMAH ZAHRA’ BT MOHD HANAFI 2009203792
BACHELOR OF BUSINESS ADMINISTRATION (HONS.) FINANCE
FACULTY OF BUSINESS MANAGEMENT UNIVERSITI TEKNOLOGI MARA
KELANTAN
APRIL 2011
BACHELOR OF BUSINESS ADMINISTRATION (HONS.) IN FINANCE FACULTY OF BUSINESS MANAGEMENT
DECLARATION OF ORIGINAL WORK
I, FATIMAH ZAHRA’ BT MOHD HANAFI (I/C NUMBER: 870203-06-5154)
Hereby declare that:
This work has not been accepted in substance for any degree, locally or overseas and is not being concurrently submitted for this degree or any other degrees.
This project paper is the result of my independent work and investigation, except where otherwise stated.
All verbatim extracts have been distinguished by quotation marks and sources of my information have been specifically acknowledged.
SIGNATURE: DATE: APRIL 2011
LETTER OF SUBMISSION
Fatimah Zahra’ bt Mohd Hanafi
Bachelor of Business Administration (Hons.) Finance Faculty of Business Management
Universiti Teknologi MARA Kampus Kota Bharu
15050 Kota Bharu Kelantan
April 2011 Head of Program
Bachelor of Business Administration (Hons.) Finance Faculty of Business Management
Universiti Teknologi MARA Kampus Kota Bharu
15050 Kota Bharu Kelantan
Dear Sir,
SUBMISSION OF FINANCE PROJECT PAPER (FIN 667)
Attached is the copy of Finance Project Paper (FIN 667) entitled “The growth of Islamic finance in Malaysia : The influential factors” to fulfill the requirement as needed by the Faculty of Business Management, Universiti Teknologi MARA.
Thank You
Yours faithfully
__
FATIMAH ZAHRA’ BT MOHD HANAFI 2009203792
Bachelor of Business Administration (Hons.) Finance
ACKNOWLEDGEMENT
“With the name of Allah, the Most Merciful and Most Compassionate”
Alhamdullilah to Allah SWT, the most gracious, the most merciful and peace is upon his messenger Holy Prophet Muhammad S.A.W praise to Allah S.W.T for giving me courage, time and acknowledge in completing this study.
I would like to take this opportunity to express my appreciation and gratitude to my helpful and brilliant advisor, Pn Nurazleena bt Ismail for her guidance and advise as well as suggestion given throughout the preparation and undertaking of this study. Not forget to my second advisor, Dr Zulkifli bin Mohamed for his support to complete this study.
I am greatly indebted to each and every respondent who assists me in providing with valuable information and help me to complete this research. Also, to whom that has guidance me in every single day duty and provided outstanding support.
My appreciations are conveyed to all people at MIFC and INCEIF who has been selected and willing to be the respondents and answering the questionnaires.
Lastly, a special acknowledgement goes to UiTM, for giving the opportunity for me to pursue the study in B.B.A. (Hons.) in Finance. Also, I would like to thank any individual or people who might involve in the making of this project paper, directly or indirectly and not forget also to my lovely parents.
Thank you!
TABLE OF CONTENTS
PAGE
DECLARATION OF ORIGINAL WORK i
LETTER OF SUBMISSION ii ACKNOWLEDGEMENT iii
TABLE OF CONTENTS iv LIST OF TABLES x
LIST OF FIGURES xiii
ABSTRACT xiv
CHAPTER 1: INTRODUCTION TO THE RESEARCH 1.0 INTRODUCTION……….1
1.1 BACKGROUND OF THE STUDY………..1
1.1.1 OVERVIEW OF ISLAMIC FINANCE………...3
1.1.2 ISLAMIC FINANCE IN MALAYSIA………6
1.2 PROBLEM STATEMENT………7
1.3 RESEARCH OBJECTIVES………...10
1.4 RESEARCH QUESTIONS…..………...……...10
1.5 RESEARCH HYPOTHESES 1.5.1 Hypothesis 1………..11
1.5.2 Hypothesis 2………..12
1.5.3 Hypothesis 3………..12
1.5.4 Hypothesis 4………..12
