Islamic finance and the afterlives of development in Malaysia

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dc.contributor.authorRudnyckyj, Daromir
dc.date.accessioned2025-06-04T15:55:08Z
dc.date.available2025-06-04T15:55:08Z
dc.date.issued2014
dc.description.abstractGovernment regulators, Islamic scholars, finance professionals, and secular academics have recently taken steps to turn Kuala Lumpur, Malaysia's capital, into a global hub for Islamic finance. This article describes some of the actions these actors have taken to position Kuala Lumpur as the central node in this emerging financial system. This article highlights key principles of Islamic finance and the debates in which practitioners are engaged while developing a shariah-compliant financial system. It shows how these plans draw on previous efforts by the Malaysian state—in part in response to Islamist political critiques—to design techniques for the provision of capital commensurable with both Islam and capitalism. In so doing, Malaysia's Islamic finance project expresses four dimensions of the afterlives of development: the creation of alternative political and economic networks; a managerial role for the state; the creation of new forms of expertise; and the assemblage of religious and economic practices, two domains that earlier efforts toward secular modernization had presumed separate.
dc.description.reviewstatusReviewed
dc.description.scholarlevelFaculty
dc.identifier.citationRudnyckyj, D. (2014). Islamic Finance and the afterlives of development in Malaysia. PoLAR Political and Legal Anthropology Review, 37(1), 69–88. https://doi.org/10.1111/plar.12051
dc.identifier.urihttps://doi.org/10.1111/plar.12051
dc.identifier.urihttps://hdl.handle.net/1828/22338
dc.language.isoen
dc.publisherPoLAR: Political and Legal Anthropology Review
dc.subjectdevelopment
dc.subjectexpertise
dc.subjectfinance
dc.subjectIslam
dc.subjectMalaysia
dc.titleIslamic finance and the afterlives of development in Malaysia
dc.typePostprint

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