Bank Negara governor: Islamic finance key segment in financial system

Gavernor Bank Negara Malaysia Datuk Muhammad Ibrahim during his speach at the launching of Edicators Manual on Shariah Standard Murabahah at Lanai Kijang in Kuala Lumpur on August 15, 2016.ROHAIZAT MD DARUS/STAR.

KUALA LUMPUR: Islamic banking assets made up 27% of the total banking system, surpassing Bank Negara’s Financial Sector Masterplan, said governor Datuk Muhammad Ibrahim (pic).

He said that there were 27 takaful players offering more than 100 financial products now compared with fewer than four Islamic banks and takaful players before year 2000.