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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Sunway, IJM, Binastra, Capital A, Elridge, Oxford Innotech, Steel Hawk, Carimin, SMRT, Reneuco, Suria, KIP REIT, Pantech
Wall Street jumps on Greenland framework deal
Wasco to gain from transition to renewables
CPO prices to stay range-bound in February
Stiff competition to reshape auto landscape
Maybank’s sustained returns growth ambition
Steel Hawk unit secures Sabah contract
Oxford Innotech wins RM4.8mil data centre job
MAG makes new executive leadership appointments
KIP-REIT expects higher traffic at its malls

Others Also Read