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This is an ethnographic study of Malay Muslim enterprise and entrepreneurial culture among the beneficiaries of the New Economic Policy (NEP) in Malaysia, a government programme of action intended to develop the indigenous Malay population in an ethnically-polarized nation. Focusing on social class, ethnicity, gender, domestic arrangements, networks and the impact of government policy on economic development, this work provides a study of urban, affluent Malay culture in the process of transformation as a consequence of state-led, pro-Malay capitalist intensification and Islamic resurgence.