New rules may dampen prospects for banks


About 50% of Islamic deposits in the banking system fall under the investment account category.

PETALING JAYA: Banks’ earnings prospects this year could be further impacted when the Islamic deposits classification ruling comes on stream by June 30.

Analysts contacted by StarBiz concurred that with the current economic conditions, coupled with other factors, the ruling would be a dampener to the industry’s earnings outlook this year.

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