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09 Apr | Wednesday
Islamic banks to account for 25% of Malaysian banking sector by 2017, says RAM

The Malaysian Islamic banking industry’s assets have almost doubled in the last 5 years, accounting for over 20% of the banking system’s assets. “RAM projects Islamic banking assets to represent 25% of the Malaysian banking sector by 2017,” says Foo Su Yin, CEO of RAM Ratings, in conjunction with the publication of the agency’s inaugural Islamic Banking Bulletin today. The various initiatives implemented by Bank Negara Malaysia and the emphasis on the Malaysia International Islamic Financial Centre have been propelling Islamic banking. A progressive set of regulations and an attractive tax environment have also continually strengthened Malaysia’s position in Islamic banking.

RAM has rated the major Islamic banks in Malaysia, comprising Islamic banks under universal-banking and global banking groups, as well as stand-alone Islamic banks. The introduction of the Islamic Banking Bulletin underlines RAM’s continued commitment to providing the market with thought leadership in Islamic banking. The bulletin also features a peer ranking of selected financial indicators among our rated Islamic banks in Malaysia.

Contact person below to get a copy of Islamic Banking Bulletin 2014 – Going from Strength to Strength.

Media contact:
Kwan Ji-Ling
603-7628 1115
jiling@ram.com.my

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