Malaysia is predicted to be the center of Sharia business in Asia and even the world. By implementing an Islamic system of government, Malaysia is very easy to gain market share in Islamic business. The majority of Malaysia’s population is Muslim. This means that many of the economic & business, political, and cultural aspects are related to Islam.
Malaysia implements daily economic activity on average using sharia schemes. For example, the application of halal certification to food and beverages that sold to public. In addition, the power of the kings who lead the states in Malaysia has a good impact on Malaysian economy, especially in sharia business.
Although, in some states of Malaysia allows gambling and other businesses that are forbidden by Sharia law. For example, a casino in Genting Highlands, Titiwangsa. Where Genting is located very strategically is on the border of the states of Pahang and Selangor.
For this reason, the Sharia business system in Malaysia has always been an example of countries in the Asian Region, especially Southeast Asia. Because, with the existing Islamic business system, Malaysia can invite many tourists and investors, many of whom are non-Muslims.
In addition, to measure the strength of the Islamic business system in Malaysia, we can see from the existing Islamic banks. For example, CIMB Bank, which already known has branches everywhere including in Indonesia which has the largest Muslim population in the world.