Zukri: Islamic banking sector ripe for M&As

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.