Moody's: Islamic banks' retail finance focus helps weather pandemic

Bank Islam headquarters. Moody’s pointed out Islamic banks' regulatory capital remains well above minimum requirements.

KUALA LUMPUR: Islamic banks in Gulf Cooperation Council (GCC) countries and South and Southeast Asia’s focus on low-risk retail finance, which will help protect their asset quality.

Moody's Investors Service said on Monday this was amid an uneven economic recovery across these regions.