Islamic finance is alive and kicking in Malaysia, says Governor

KUALA LUMPUR: Malaysia’s Islamic banking industry is not phasing out of the limelight but is very much alive and kicking, gaining maturity and poised for further growth.

This is evident from statistics which shows that Islamic financing currently accounted for 34.1 per cent of total financing (2008: 14.9 per cent) while Islamic banking assets stood at 31.4 per cent against a meagre 14 per cent in 2008.