The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies
With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal f...
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| Format: | Article |
| Language: | English English |
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Kolej University Islam Sultan Azlan Shah
2016
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| Online Access: | http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf |
| _version_ | 1848784581967216640 |
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| author | Oseni, Umar Aimhanosi |
| author_facet | Oseni, Umar Aimhanosi |
| author_sort | Oseni, Umar Aimhanosi |
| building | IIUM Repository |
| collection | Online Access |
| description | With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal framework on franchising within the Islamic finance industry. Over the years, there has been tremendous growth in the franchise industry in Malaysia and the Islamic financial institutions are not left out in this welcome development. While the franchise industry contributed RM24.6 billion or 2.8% to the Malaysian GDP in 2013, it has been projected that such contribution will reach RM25.4 billion by the end of 2014. The study adopts a qualitative legal method in analyzing the relevant legislations, as they are applicable to Shari'ah-compliant business of Islamic financial institutions. The study finds that there is no specific framework for Shari'ah-complaint business in Malaysia, including Islamic finance business. Malaysia has vast opportunities in expanding its franchise industry through the amendment of the relevant legal framework to cater for Islamic finance business. This is expected to project Malaysia as a global hub for Islamic finance products and a destination for Shari'ah-complaint franchise businesses at the global level. |
| first_indexed | 2025-11-14T16:39:32Z |
| format | Article |
| id | iium-55456 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:39:32Z |
| publishDate | 2016 |
| publisher | Kolej University Islam Sultan Azlan Shah |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-554562017-03-15T04:09:09Z http://irep.iium.edu.my/55456/ The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies Oseni, Umar Aimhanosi HG Finance With the increasing expansion of the global Islamic finance industry beyond its traditional strongholds, there is a gradual increase in the global franchising opportunities in Islamic finance. As one of the pioneering studies on franchise in Islamic finance, this paper examines the Malaysian legal framework on franchising within the Islamic finance industry. Over the years, there has been tremendous growth in the franchise industry in Malaysia and the Islamic financial institutions are not left out in this welcome development. While the franchise industry contributed RM24.6 billion or 2.8% to the Malaysian GDP in 2013, it has been projected that such contribution will reach RM25.4 billion by the end of 2014. The study adopts a qualitative legal method in analyzing the relevant legislations, as they are applicable to Shari'ah-compliant business of Islamic financial institutions. The study finds that there is no specific framework for Shari'ah-complaint business in Malaysia, including Islamic finance business. Malaysia has vast opportunities in expanding its franchise industry through the amendment of the relevant legal framework to cater for Islamic finance business. This is expected to project Malaysia as a global hub for Islamic finance products and a destination for Shari'ah-complaint franchise businesses at the global level. Kolej University Islam Sultan Azlan Shah 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf application/pdf en http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf Oseni, Umar Aimhanosi (2016) The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies. Global Journal Al-Thaqafah, 6 (2). pp. 37-45. ISSN 2232-0474 E-ISSN 2232-0482 http://www.gjat.my/ |
| spellingShingle | HG Finance Oseni, Umar Aimhanosi The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title | The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title_full | The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title_fullStr | The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title_full_unstemmed | The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title_short | The law and regulation of franchising in Malaysia's Islamic finance industry: problems, prospects and policies |
| title_sort | law and regulation of franchising in malaysia's islamic finance industry: problems, prospects and policies |
| topic | HG Finance |
| url | http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/ http://irep.iium.edu.my/55456/1/55456_the%20law%20and%20regulation.pdf http://irep.iium.edu.my/55456/2/55456_the%20law%20and%20regulation_SCOPUS.pdf |