null Stable outlook for Islamic banking industry
Stable outlook for Islamic banking industry
30 Mar 2022 | Wednesday Source: The Star
RAM Ratings has maintained its stable outlook on the country’s Islamic banking industry as it expects the industry to stay resilient despite lingering risks from Covid-19, Bernama reported.
In a statement yesterday, RAM said the industry is poised to continue leading efforts towards a wider adoption of value-based intermediation (VBI).
“An increased focus on Islamic sustainable finance has created new opportunities, enabling banks to build on their existing value-based practices and solutions to strengthen the impact of VBI.
“This puts Islamic banks in a good position to meet the requirements of Bank Negara’s Climate Risk Management and Scenario Analysis, effective June 1, 2022,” it said.