93
Figure 4.6: Phases of Islamic Finance’s Inclusion into Malaysia’s Financial Landscape
Sources: MIFC, RAM
4.2.5 COUNTRY-SPECIFIC RECOMMENDATIONS
As a role model for other countries, the challenge for Malaysia now is to preserve its leadership
in the development of Islamic finance. Based on the spider Chart 4.14, Malaysia is ranked the
highest in all segments except the penetration of retail investors, which remains a heavily
regulated industry. The subsequent Tables 4.6 and 4.7 highlight some of the key issues and
challenges facing the Malaysian sukuk market, with some recommended solutions.