Malaysia seeks sustainable lead to drive Islamic finance growth

Sustainable finance and digitisation of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into underserved markets, said Bank Negara assistant governor Adnan Zaylani Mohamad Zahid.

KUALA LUMPUR: Islamic finance pioneer Malaysia is looking for new drivers to reignite growth for its US$286mil (RM1.2bil) industry.

Sustainable finance and digitisation of services will lead the way, with lenders expected to adopt technologies such as artificial intelligence and big data to break into underserved markets, said Bank Negara assistant governor Adnan Zaylani Mohamad Zahid.