Azura Othman is Chief Executive Officer of the Chartered Institute of Islamic Finance Professionals (CIIF) and an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. Norhanim Mat Sari is a faculty member at the International Centre for Education in Islamic Finance (INCEIF), where she obtained her PhD in Islamic Finance. Syed Othman Alhabshi is Deputy President Academic of INCEIF. He has written and edited a total of 12 books and numerous journal articles on various topics related to Islam, economics, and banking. Abbas Mirakhor is First Holder of the INCEIF Chair of Islamic Finance. He formerly served as Executive Director and Dean of the Executive Board of the International Monetary Fund (IMF).

• 1. Introduction.- 2. Risk Transfer, Risk Sharing, and Islamic Finance.- 3. Macroeconomic Policies and Risk Transfer.- 4. Islamic Finance, Risk Sharing, and Macroeconomic Policies.- 5. The History of Islamic Finance in Malaysia.- 6. Fiscal Policy and Islamic Finance: Malaysia.- 7. Monetary Policy and Islamic Finance: Malaysia.- 8. Policy Recommendations.- 9. Concluding Remarks.

Azura Othman is Chief Executive Officer of the Chartered Institute of Islamic Finance Professionals (CIIF) and an Independent Non-Executive Director of Bank Muamalat Malaysia Berhad. Norhanim Mat Sari is a faculty member at the International Centre for Education in Islamic Finance (INCEIF), where she obtained her PhD in Islamic Finance. Syed Othman Alhabshi is Deputy President Academic of INCEIF. He has written and edited a total of 12 books and numerous journal articles on various topics related to Islam, economics, and banking. Abbas Mirakhor is First Holder of the INCEIF Chair of Islamic Finance. He formerly served as Executive Director and Dean of the Executive Board of the International Monetary Fund (IMF).

• 1. Introduction.- 2. Risk Transfer, Risk Sharing, and Islamic Finance.- 3. Macroeconomic Policies and Risk Transfer.- 4. Islamic Finance, Risk Sharing, and Macroeconomic Policies.- 5. The History of Islamic Finance in Malaysia.- 6. Fiscal Policy and Islamic Finance: Malaysia.- 7. Monetary Policy and Islamic Finance: Malaysia.- 8. Policy Recommendations.- 9. Concluding Remarks.