Islamic model for economic progress

TWO weeks ago, a recommendation to introduce an Islamic economic model in Malaysia was made by well-known economist Tan Sri Dr Kamal Salih in response to a query on the bumiputra agenda. He was of the view that the capitalist model that has been followed in Malaysia has not been able to address the equity agenda in the country.

Malaysia as a nation is blessed in many ways: abundant natural resources, geographically well-placed, free from natural disasters and a relatively good economic planning framework. While it is not perfect, no one can deny Malaysia’s good performance especially for a multi-ethnic and mul- tireligious country.