ISLAMIC products captured a larger share of the total retail banking market in line with Malaysia’s commitment to grow its Islamic banking sector, which also saw higher profits and better asset quality last year.
During 2002, the market share of Islamic banking assets of the total banking system increased to 8.9% from 8.2% in the previous year. The share of Islamic financing rose to 8.1% from 6.5%, while Islamic deposits grew to 10.2% from 9.5% previously.
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