Zukri: Islamic banking sector ripe for M&As

  • Banking Premium
  • Monday, 29 May 2017

Zukri: ‘I hope to see the creation of mega Islamic banks that can potentially become regional champions particularly under the Asean Banking Integration Framework.’

PETALING JAYA: There are too many Islamic banks in the country which means that this segment of the local financial sector is ripe for merger and acquisition (M&A) activities, according to outgoing Bank Islam managing director Datuk Seri Zukri Samat.

Zukri is also advocating direct listings of such banks.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , bank islam


Next In Business News

Nomura Malaysia targets RM50mil AUM for new fund Premium
SCGM 4Q profit rises 11%, declares 1.32 sen Premium
Hiap Teck's net profit falls more than half in 3Q Premium
KLCI edges lower in line with regional retreat Premium
Fashion retailer H&M's second-quarter profit beats expectations Premium
Oil prices slide after three-day rally Premium
Toyota misses May global production target, third month of shortfall Premium
Asian stocks lose gains made on shorter China quarantine as recession fears persist Premium
Tropicana partners Affin Bank to offer Home Step Fast/i campaign Premium
DOSM: Malaysia's economic recovery remains in sight amid global uncertainty Premium

Others Also Read