Islamic Finance

In serving our clients, we endeavour to develop the solution best suited to reconciling the individual business objectives with the tax, legal, statutory and regulatory environment of the jurisdictions involved, as well as with the requirements of Islamic Law.

Financial Services is a key industry focus for PwC Malaysia and globally. In Malaysia, we are a leading provider of integrated professional services to major financial services institutions in all sectors of the industry.

Islamic Financial Services

PwC Malaysia's Islamic Financial Services (FS) team has been at the forefront of Islamic finance and banking development in Malaysia including working with regulators to achieve strategy to evolve Malaysia as an integrated international Islamic banking and financial hub. Our clients in the Islamic financial services sector include local, regional and international banks, takaful operators, real estate investment trusts, mutual funds as well as some major regulators and regulatory bodies.

Centre of Excellence

The Malaysian and Bahrain firms currently act as resource centres to provide specialist advice on all Islamic Finance matters. The Malaysian firm offers professional support and audit reviews in Brunei, Singapore and more recently in Indonesia. In addition, we also provide tax advice on a wide range of Islamic finance products and funds.

Professional advice on regulatory matters

Faiz Azmi our Financial Services leader and PwC's Global Islamic Finance Leader is a:

  • Member of the Working Group 36 in Malaysian Accounting Standards Board on Islamic Accounting Standards (such MASBi-1)
  • Appointed by Bank Negara Malaysia (BNM) to be a member of the Capital Adequacy Working Group of the Islamic Financial Services Board
  • Member of the syllabus advisory board for International Centre for Education in Islamic Finance (INCEIF)

Regular speakers on Islamic matters

Do you...
  • Need advice on setting up Islamic banking products?
  • Seek a better understanding of the Islamic Banking Scheme operations?
  • Want to conduct a business review on an Islamic Bank?
  • Want a feasibility study and advisory services for the establishment of an Islamic Bank in Malaysia?
  • Want to review your Islamic Banking operations and services?
  • Seek tax advice for Islamic banking products such as Murabahah and Ijarah financing?
  • Seek tax advice on the structuring of Islamic funds?

Our experience in relation to Islamic financial service activities spans across our Assurance, Advisory and Tax practice. For more information, please call our Islamic Financial Services professionals.