ISLAMIC banking and takaful can surpass the targeted 20% market share of the country's banking system before 2010, or at least meet the target before the set deadline, according to Association of Islamic Banking Institutions Malaysia (Aibim) president Datuk Ahmad Tajuddin Abdul Rahman.
At the opening of the Islamic Banking and Takaful Week (IBTW) 2003 by Domestic Trade and Consumer Affairs Minister Tan Sri Muhyidin Mohd Yassin in Kuala Lumpur yesterday, he noted the encouraging and active participation of local financial institutions in spurring the Islamic financial sector, as well as the support and commitment of the government.
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