KUALA LUMPUR: Islamic financing is expected to drive Malaysia's overall banking system's credit expansion in 2021, said RAM Ratings, while reiterating its stable outlook on the sector.
In a Thursday statement, the ratings agency said Islamic financing is expected to grow 7% as compared to 2% for conventional banks, with growth underpinned by household financing.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
