ISLAMIC DEPOSIT INSURANCE SYSTEM: THE EVIDENCE OF MALAYSIA

The article discusses a model for protecting Shariah-comliant investors by creating an Islamic deposit insurance system that built into the traditional financial system. In particular, the article is aimed to identify the architecture and principles of such a system in Malaysia. A qualitative approach that based on primary and secondary data obtained using the methods of in-depth expert interviews, content analysis, case studies and literature review has been applied. The results of this study will be useful to participants and organizers of the Islamic finance market, as they allow to identify important details that help launch the Islamic deposit insurance system in the post-Soviet area. This study can also be used in the educational process as a reference material on Islamic financial practices that have developed in the world.