news
Moody’s: Malaysia’s Islamic banking sector on positive trajectory for growth
31 Mar 2022 | Thursday Malay Mail
Malaysia's Islamic banking sector remains on a positive trajectory with ample room for growth, according to a new report by Moody’s Investors Service.
Moody’s assistant vice president and analyst Tengfu Li said banks’ strong balance sheets will enable them to continue expanding as the government further develops the sector.
He noted that Malaysia has one of the most advanced Islamic banking systems among Muslim-majority countries.
"Islamic banks constitute a significant part of its banking sector, thanks to supportive government policies and the ‘Islamic first’ strategies that major banking groups have adopted to back state efforts.
