Islamic banks to account for 25% of Malaysian banking sector by 2017, says RAM


KUALA LUMPUR: RAM Ratings said the Malaysian Islamic banking industry’s assets have almost doubled in the last five years, expanding to RM423bil as at end-February 2014 and accounting for 21% of the banking system’s assets.

In a report on Wednesday, RAM said gross financing continued to outpace deposits last year.

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RAM Ratings , Islamic Banking , AmBank , Maybank , CIMB

   

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