The Study On The Development Of Islamic Finance In Southeast Asia

In 1970s, based on traditional Islamic economic thought and combined with modern financial theories and practices, some Islamic scholars developed the Islamic financial theory, which has aroused widespread attention. The Islamic finance gradually becomes mature through several decades development. More than 70 countries have established more than 200 Islamic financial institutes during this period, including Islamic bank, Islamic insurance company, Islamic fund, and Islamic capital market and so on, forming a relatively independent Islamic financial system.There are so many Muslims in Southeast Asia, which give those countries many advantages and superiorities to develop Islamic finance. In recent years, some Southeast Asian countries have adopted diversity policies to develop Islamic finance according to the features of their economy and society, which makes a remarkable achievement. Southeast Asian countries have substantial connection with China in history, and inseparable in economic development. Study of Southeast Asia's Islamic finance could help us to understand the development status of their economy and support the development of economy and finance in our country.In the foundation of the domestic and foreign relative research, by analyzing the mode and the feature of the Islamic finance's development in these countries, the article point out some issues they are facing. Through the study of the encouraging measure that four countries governments in Southeast Asia have adopted to expand Islamic finance and the foreign cooperation exchange condition, this article put forward some suggestions to the Islamic finance's development in the region. Combined with the experience of Islamic finance's development in Southeast Asia, the article discuss the way China should to adopt to start Islamic finance, and put forward some recommendations about policy for the Islamic finance's development in China.