Malaysia's Islamic banking to outperform conventional banks: Fitch. [Newspaper] (2023)
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Abstract
KUALA LUMPUR: Malaysia's Islamic financing growth is likely to moderate in 2023 as higher financing rates sap demand, but Fitch Ratings expects growth to continue to outperform that of conventional banks.The rating agency said this was due to the country's supportive regulatory environment and Islamic finance ecosystem as well as the shift towards Shariah-compliant services.Fitch said a strong economic rebound had pushed Islamic financing growth to a five-year high of 13 per cent in 2022, driven by a sustained pick up in working-capital loans and resilient household sector.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Islamic financing growth, Shariah-compliant services, Islamic financing |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Customer Services By Niche > Islamic Banking > Banks and Banking > Finance |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 11 Jul 2023 05:19 |
| Last Modified: | 11 Jul 2023 05:19 |
| Related URLs: |
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