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.