From Wall Street to "halal" street: Malaysia and the globalization of Islamic finance

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dc.contributor.authorRudnyckyj, Daromir
dc.date.accessioned2025-06-04T15:55:08Z
dc.date.available2025-06-04T15:55:08Z
dc.date.issued2013
dc.description.abstractMalaysia's plans to become a transnational hub for Islamic finance represent an effort to mobilize religion to create new global networks for the circulation of capital. This article first contextualizes such efforts within the broader contours of Malaysia's political history, addressing the classification of ethnicity and religion by both the colonial and postcolonial states. The article describes how Islamic finance is defined by practitioners in Malaysia and explains the key features they invoke to distinguish it from what they call "conventional finance". Finally, it identifies the steps undertaken by the state to make the country a global center of Islamic finance. As the recent financial crises have shaken confidence in North Atlantic financial systems, Malaysia is geographically and culturally well-positioned between two emergent economic regions currently at the forefront of global economic growth.
dc.description.reviewstatusReviewed
dc.description.scholarlevelFaculty
dc.description.sponsorshipI am grateful for the funding for this research project, which I received in the form of an Insight Development Grant and a Standard Research Grant from the Social Sciences and Humanities Research Council of Canada.
dc.identifier.citationRudnyckyj, D. (2013). From Wall Street to halal street: Malaysia and the globalization of Islamic Finance. The Journal of Asian Studies, 72(4), 831–848. https://doi.org/10.1017/s0021911813001630
dc.identifier.urihttps://doi.org/10.1017/S0021911813001630
dc.identifier.urihttps://hdl.handle.net/1828/22339
dc.language.isoen
dc.publisherThe Journal of Asian Studies
dc.titleFrom Wall Street to "halal" street: Malaysia and the globalization of Islamic finance
dc.typePostprint

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