15 Questions
What was the first Islamic bank established in Malaysia?
Lembaga Tabung Haji
How many banks in Malaysia offer Islamic products as of 2015?
16
What is the purpose of the National Shariah Advisory Council in Malaysia?
To advise Bank Negara Malaysia on Shariah aspects of Islamic banking operations
What was the first Islamic banking institution established in Malaysia?
Perbadanan Wang Simpanan Bakal-Bakal Haji
When was the first Islamic bank in Malaysia established?
1983
Which regulatory body advises Bank Negara Malaysia on the Shariah aspects of Islamic banking operations in Malaysia?
National Shariah Advisory Council
What is the purpose of the Islamic Banking Scheme (IBS)?
To allow commercial banks, merchant banks and finance companies to offer Islamic banking products and services
How many banks in Malaysia offer Islamic products as of 2015?
16 banks
What is the International Centre for Education in Islamic Finance (INCEIF)?
A university for Islamic finance in Malaysia
What is the Sharia-based criteria for companies to be included in the Islamic Malaysia Index?
All of the above
Which institution was merged with PWSBH to form Lembaga Tabung Haji?
Pejabat Urusan Haji
Which institutions are required to separate the funds and activities of Islamic banking transactions from that of the conventional banking business in Malaysia?
Commercial banks and merchant banks
Apart from banks, what are the non-bank intermediaries offering syariah-based products in Malaysia?
Malaysia Building Society Berhad and cooperatives registered under the Cooperative Commission of Malaysia
When was the Islamic Malaysia Index launched?
2005
What is the main purpose of Lembaga Tabung Haji in Malaysia?
To provide a savings platform for Muslims to save for their Hajj expenses
Test your knowledge on the origins and development of Islamic banking in Malaysia with this informative quiz. Learn about the establishment of institutions like Perbadanan Wang Simpanan Bakal-Bakal Haji and Lembaga Tabung Haji, and the important role they play in helping Muslims save for their pilgrimage expenses. Discover the significance of the logo displayed by all institutions providing Islamic banking services and enhance your understanding of this important industry.
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