Malaysia's Islamic financial sector to reach RM3 trillion, says Wahid


Tan Sri Abdul Wahid Omar said as of March this year, Shariah funds valued at RM170 billion represents 23 per cent of total industry asset under management (AUM) while Shariah unit trust fund’s net asset value (NAV) of RM99 billion represented about 23 of the overall industry NAV.

KUALA LUMPUR: Malaysia’s Islamic financial sector is expected to sustain double-digit growth to reach almost RM3 trillion in 2020 under the second Capital Market Masterplan, according to Tan Sri Abdul Wahid Omar.

The chairman of Bursa Malaysia Bhd said the country’s Islamic funds industry has demonstrated impressive growth.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

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

Cuckoo IPO oversubscribed by 1.42 times, final price set at RM1.08 per share
KJTS inks MoU with Envicool for energy-efficient data centre cooling in Asean
New Energy Asia to be sole Lotus EV charger distributor across Asean
Ringgit ends lower as geopolitical tensions boost US dollar
Dialog wins 14-year PETRONAS contract for Mutiara Cluster field in Sabah
IOI Corp appoints Abdul Wahid Omar as senior independent director
Ping Edge to expand product range amid rising market demand
Volvo Cars selects HCLTech as strategic engineering partner
UUE Holdings bags RM83.4mil contracts, order book hits RM416mil
Bursa Malaysia ends lower as geopolitical tensions spark risk-off mood

Others Also Read