Bank Negara governor: Islamic finance key segment in financial system

Gavernor Bank Negara Malaysia Datuk Muhammad Ibrahim during his speach at the launching of Edicators Manual on Shariah Standard Murabahah at Lanai Kijang in Kuala Lumpur on August 15, 2016.ROHAIZAT MD DARUS/STAR.

KUALA LUMPUR: Islamic banking assets made up 27% of the total banking system, surpassing Bank Negara’s Financial Sector Masterplan, said governor Datuk Muhammad Ibrahim (pic).

He said that there were 27 takaful players offering more than 100 financial products now compared with fewer than four Islamic banks and takaful players before year 2000.

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Tengku Zafrul: BRI Involvement strengthens Malaysia-China economic partnership
Bank Islam issues RM1bil senior Sukuk Murabahah
Ringgit closes easier ahead of US Fed meeting
PMBT disposes of Klang land for RM79mil
E-invoice implementation will not impact overall vehicle sales this year - Miti
Siab appoints new executive directors
Foreign investors cumulative inflow surges to US$598mil in 1Q24
Citaglobal teams up with SUS Environment for green energy in Malaysia
WCT bags RM214mil construction contract
FBM KLCI surges to over three-year high amid banking stocks boost

Others Also Read