Sustained growth to cement Malaysia's Islamic banking status. [Newspaper] (2025)
Abstract
Malaysia's Islamic banking sector is expected to maintain its growth this year, supported by ongoing regulatory efforts to expand the adoption of Islamic banking in the country, Fitch Ratings said.The rating agency said the sector holds assets exceeding US$260 billion, positioning it as one of the largest globally and highlighting Malaysia's well-established Islamic banking market."The share of Islamic financing has grown, comprising around 43 per cent of domestic system loans, up from 42 per cent at the end of 2023," it added. Fitch said this does not account for financing from development financial institutions, which primarily provide loans on Sharia-compliant terms. However, deposit growth in the sector has failed to keep pace with financing expansion since early 2020.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Islamic banking |
| Taxonomy: | By Niche > Islamic Banking > Banks and Banking > Finance |
| Local Content Hub: | Niche > Islamic Banking |
| Depositing User: | Ilya Nur Fateen Othman |
| Date Deposited: | 01 Oct 2025 08:43 |
| Last Modified: | 01 Oct 2025 08:44 |
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