Half of Malaysia's banking assets to be Islamic in next decade. [Newspaper] (2020)
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Abstract
MALAYSIA can expect half of its banking assets to be Islamic by 2030 as the industry’s growth outpaces conventional banking, according to a lenders’ association.
Loans that comply with the religion’s ban on interest is set to increase by 10 per cent to 15 per cent annually over the next five years, outpacing the five to seven per cent growth seen for non-Islamic loans, said Adissadikin Ali, president of the Association of Islamic Banking and Financial Institutions Malaysia, or Aibim.
| Item Type: | Newspaper |
|---|---|
| Keywords: | Financial Accounting, Banking assets, Islamic Banking |
| Taxonomy: | By Subject > Business & Management > Economics By Subject > Business & Management > Finance By Subject > Business & Management > Human Resource By Subject > Business & Management > Management |
| Local Content Hub: | Subjects > Business & Management |
| Depositing User: | Muhammad Azrul Ayob |
| Date Deposited: | 04 Mar 2021 06:36 |
| Last Modified: | 04 Mar 2021 06:36 |
| Related URLs: |
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