Islamic fintech growing fast in the country

Al Rajhi Bank Malaysia CEO Arsalaan Ahmed

PETALING JAYA: Islamic fintech is growing exponentially in Malaysia with 33% of global Islamic fintech companies headquartered here, which will further strengthen the country’s leadership in Islamic finance, according to Al Rajhi Bank Malaysia CEO Arsalaan Ahmed.

Arsalaan said Malaysia’s issuance of digital banking licences earlier this year will accelerate the deployment of new technologies to serve the unbanked and underserved communities.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!


Next In Business News

Tiong Nam sees higher demand for for logistics, warehousing services in FY23
Leong Hup returns to the black, 3Q net profit at RM67.31mil
Malakoff 3Q net profit jumps 53.4% to RM66.5mil
IHH 3Q profit falls to RM252mil on exceptional items, financial reporting adjustments
Ringgit reverses gains against US dollar on profit-taking
Boustead net profit jumps to RM99.6mil in 3Q
Press Metal 3Q net profit grows 11.5% to RM315.8mil
Genting Malaysia misses Macau licence
Celcom 3Q22 Patami up 65.3% at RM856mil
Kerjaya Prospek's construction segment to drive revenue growth

Others Also Read